AMAT, A rising stock! many chances for traders and investors!
AMAT made a new ATH yesterday which confirmed completion of a correction and going up to new highs.
AMAT is clearly in up going wave cycles. It offers many chances for both short term traders and long term investors /share holders. How far it goes higher? lets follow the analysis !
As shown on the chart AMAT currently is completing wave v (in circle) of a larger degree wave 3 which probably can push the price up to around 180 USD. Then correction of shown wave 4 will start which can push price back to 130-150 zone. Another actionary wave up to above 200 USD will complete an Elliott wave cycle which means considerable correction start after this cycle completion.
It is worth to note this mentioned complete cycle can be just wave 3 of 3 a two larger degree cycle which means we may see unbelievable targets for AMAT or we may have just an extended wave 5 ! Should it need any update we can do it later.
Wish you huge profits my friend .
AMAT is clearly in up going wave cycles. It offers many chances for both short term traders and long term investors /share holders. How far it goes higher? lets follow the analysis !
As shown on the chart AMAT currently is completing wave v (in circle) of a larger degree wave 3 which probably can push the price up to around 180 USD. Then correction of shown wave 4 will start which can push price back to 130-150 zone. Another actionary wave up to above 200 USD will complete an Elliott wave cycle which means considerable correction start after this cycle completion.
It is worth to note this mentioned complete cycle can be just wave 3 of 3 a two larger degree cycle which means we may see unbelievable targets for AMAT or we may have just an extended wave 5 ! Should it need any update we can do it later.
Wish you huge profits my friend .
Comment:
Stopped out another half of position. Exited almost breakeven.
Trade closed manually
I prefer to be cautious on this trade , So I close half of my position and set my stop loss to the last low which is 150.27