MichaelEugen1

A level to short off of on AMAT

Short
NASDAQ:AMAT   Applied Materials, Inc.
A level to watch and think about on AMAT. I am surprised AMAT made it this high, but I am quite confident it makes it no higher. I expect stocks to fall on CPI, I think semis will fall especially. Even if they don't, I'd watch this level on AMAT; I'm not sure it revisits it- I think the top is in. Make of it what you will. This is as good as it gets; I think this thing breaks new lows in November or early December
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.