As the general equities market was recovering during the 10/25 session, Advanced Micro Devices $AMD plunged after its Q3 earnings report. AMD Shares Plunge on Q3 Earnings and Revenue MissI had anticipated support around $20, but price didn't even pause there, gapping lower at the 10/25 session open (earnings was during 10/24 after market hours).AMD Daily Chart(click to enlarge)Deep Pullback:- As price slides under $20, we should look at the $20-$22 area as potential resistance going forward in the short-term.- AMD itself is in a bearish correction mode, and the market in general is also in correction. - Therefore, we might want to anticipate further downside. Support:- The downside however might be limited. - Note that if price dips to $14-$15.50 area, we would be testing the top of a consolidation range that was in place for more than a year. - I think despite the major correction, price would still be anchored above this range. Neutral-Bearish Outlook:- In the current neutral-bearish consolidation mode we should anticipate resistance around $20-$22, and anticipate downside risk to the $14-$15.50 area.