AMD has formed a channel and appears to have just broken out below the channel, spending a good portion of today climbing back up to retouch the bottom bound of the channel also the 0.236 Fib level. If buy volume doesn't drastically pick up and push price back towards the upper bounds of the channel, AMD is likely heading down towards the 0.5 Fib level around $25.50 as we near earnings on April 30th. I believe the drop towards the 0.5 Fib level is the more likely scenario based on the 30m chart set up. Following this drop towards the pink circle, price action will be dependent on earnings, but I believe a 5-10% move will follow. Depending on earnings we may see a bounce back towards the 0.382 Fib or a continuation of the drop towards the 0.618 Fib level.