BBTrader29
Short

AMAT Breakdown 6+taps

NASDAQ:AMAT   APPLIED MATERIALS INC
AMAT has now touched its supporting trend line over 6times, the support today has been cracked, leading me to believe there is now downside pressure for a breakdown. Its price is also now under all the moving averages and has had increased sell side volume over the past several days. That paired with the SPY and SMH (semiconducter index) showing bearishness on all the daily, weekly, monthly timeframes... this has room to fall.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out