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WadeYendall

AMAT on watch

Long
Applied Materials, Inc. (NASDAQ:AMAT)  
WadeYendall Updated   
NASDAQ:AMAT   Applied Materials, Inc.
Trend Analysis Fibonacci Chart Patterns
5
12
trendanalysis fibonacci chartpattern
Nice controlled pull back happening. I'd like to get this in the 130 zone for a pre earnings run. Could take off again any day though.
Comment:
Waiting
Comment:
Reached my buy point. With the NAS and SEMIs weak I will wait for a reversal pattern and some buying to come back into the NAS and SEMIs before entry. Its a fickle market right now.
Comment:
Has formed a basing pattern. Looking for a break above the line. Short term traders need to place stops below low day. Longer term trader should use daily candles.
snapshot
Comment:
No confirmations yet. Needs to break 130.50 before entry.
Comment:
I entered on the break of 130.50 but will stop out if it takes out yesterdays low. NAS looking weak and threatening to break key support.
Comment:
So I stopped out yesterday on the break of the low. I should have re-entered today when it set back up but I missed it. Hopefully some of you caught the move. I will look for a secondary entry tomorrow.
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