gumbtg

Next leg up - Semi moving higher

Long
gumbtg Updated   
NASDAQ:AMAT   Applied Materials, Inc.
Both Mu and AMAT seem to be trying to move higher right now. MU has started its run slightly before AMAT.
AMAT trades at fair valuations. EV/EBITDA is at 12.85. PEG ratio is at 0.7. With great growth I feel as thou I am not paying too much at these prices.

We could have a retest of fake out here. I plan to take a position. I should of already taken a pier 1 position, but as usual I become trigger shy after a string of losing trades.

Comment:
Comment:
Comment:
Monthly RSI above 70 is always a great thing to have. Such strength above 70. My only concern is the distance between the moving averages.

-If you find this idea interesting please leave a like
-Follow for more
-Comments are always welcomed and appreciated
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.