AMAT - The Flight Continues

ethostrader Updated   
BATS:AMAT   Applied Materials, Inc.
Yes, the stock is highly valued, but it's hard not to believe in further highs: Fiboclouds remain aligned and compacted, providing support in the 60', H4, D, and W timeframes. This movement suggests a continued breakout towards the first target.

If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was entered.

This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far.

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Trade closed: target reached:
First target in AMAT was reached, resulting in a gain of +6.52% over 5 consecutive trading sessions. Considering the Risk Management proposed for this operation, the stop loss should be moved to 230.35. This action will be essential to safeguard the gains achieved with the partial results and ensure peace of mind in pursuing the final target. Follow us to receive new studies based on the FIboNuvens interpretation paradigm, as well as all corresponding updates on these operations. If you found this useful or liked it, please click on the "rocket" icon at the bottom of your chart; your support is crucial for these projections to reach more people

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