This Says Another 20% Drop Is Coming...

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) have already broken major support, trading near $10 from a 52 week high of over $15.00. The nasty fact is, Advanced Micro Devices is going lower. There is a bear flag forming on the daily chart that signals further downside. There is no support until $8.00. That means another 20% drop. Once at $8.00, I will start getting interested in going long.