It's been a rough go these last 2 weeks for the stock market. Advanced Micro Devices $AMD is getting hit up harder than the benchmark averages. After giving up more than 15% in the past 2 weeks, AMD is now trading around $10 a share, and is approaching a key support area around $9.50.AMD Daily Chart(click to enlarge)Consolidation:- As we can see on the daily chart, AMD has been in consolidation since early 2017 with price peaked at $15.50 a share.- Note that price action was bullish in 2016. - Because the prevailing trend was bullish, we should respect the common support in the 9.40-9.88 area. - But if general market conditions are bearish, don't be surprised if price falls below $9.40. In this scenario, we should anticipate downside towards $7.90-$8.00 area. - Support around $9.50 would be a sideways range consolidation scenario.- Support around $8.00 would be a falling channel correction scenario.- Both are within the context of a long-term bullish trend. - Therefore, we should anticipate some further bearish action in the short-term, but treat AMD as a buy-on-the-dip candidate.