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lena_vf
Apr 1, 2021 10:25 AM

AMAT Short Short

Applied Materials, Inc.NASDAQ

Description

William Alligator: the stock is in a bullish position because the candlesticks are above the Teeth, Lips and Jaw, and the lines are “eating with an open mouth” this indicates that the stock is in a strong uptrend.

RSI: the line is above 70, so the stock is overbought.

Candlestick patterns: there are three white soldiers which are a bullish confirmation.

Overall: it can be interesting to take a sell position on this stock because the stock is currently overbought. Entry price is lower than the current price for assurance and stop loss is set at 5%.
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