Yamit2000

It's just a matter of time - AMAT for a long play

Long
NASDAQ:AMAT   APPLIED MATERIALS INC
Applied materials belongs to the technology industry, is engaged in the manufacture and marketing of systems and equipment for testing and processing for the semiconductor industry. Looks good for or further upward movement , in the last two months showed strong movement and rose about 50% and also recently received an upgrade, presented a strong financial report in the fourth quarter with revenues rising by 25.1% to 4.69 billion and expecting continued growth for 2021.
Technically,
⚡️ The RSI isn’t in over-buying area, which indicates a place for upward movement,
⚡️ moving averages support the said direction - now trades above the moving average 20.
⚡️ As for bollinger bands - it trades in the baseline area so that there is room for upward movement.
⚡️ Attention: MACD is still bearish and presents an uncertain picture - this should be taken into account..
It may continue to trade in the range of 83-88 before breaking the aforementioned level, trading entry of trades should be monitored alongside a windfall from the market.
Earnings: on February 18
All of the above at your discretion, trading rules accepted by you, trading strategies and transaction management under your preferences.


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Comments

woww :)
+1 Reply
UZI_COHEN UZI_COHEN
@UZI_COHEN, Well done
Reply
Good
Reply
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