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GaryChew_CFTe
Sep 15, 2017 3:06 PM

APPLIED MATERIALS Long... one for the stock watchers Long

Applied Materials, Inc.NASDAQ

Description

AMAT, the world's largest semiconductor equipment manufacturer, poised for a breakout from a clearly defined right-angled triangle.
Excellent risk to reward trade.
With semiconductor sales on fire, AMAT essentially builds the engines that drive the industry.

Comment

Bull trap sprung... will wait for a secondary breakout, which are normally more explosive as the weak bulls are shaken out... let's see...

Comment

Here we go again... explosive secondary breakout indeed. let's see if we get follow-through.
Comments
GaryChew_CFTe
And we have lift off!
alexrich700
Great ascending triangle pattern! Just need to get into that 47.95 range for proper entry!
GaryChew_CFTe
@alexrich700, sure is :) Check out Lam Research, another semiconductor stock with a rising wedge breaking out.
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