Technician
Long

Applied Materials Technical Analysis: Another Bullish Breakout

NASDAQ:AMAT   APPLIED MATLS INC
563 4 9
Technical Analysis:
The stock remains in a long term bullish breakout mode, after breaking 17.40 key resistance level(check the link below for the long term breakout).

-The price completed a bullish breakout above the 50-days SMA
-The price completed a triple bottom by breaking 19.50 neckline of the pattern
-High Volume levels on breakout
-The price could be heading to resume the bullish trend after the recent pullback towards the key swing low/support level around 18.50.
-First target at the latest swing high at 21.35, followed by my long term target at 23.00 areas(see link below)
-A break back below 18.50 could invalidate this setup

Good Luck, Join me at https://twitter.com/thefxchannel
My live trades here https://telegram.me/joinchat/DgsnQ0FzifLqyI2YAoMqqQ
Nashwan
2 years ago
i think the best place to enter a position with retesting 19.60
Reply
Technician TOP Nashwan
2 years ago
Yep, on a retest to the broken neckline.
Reply
2use
2 years ago
Nice call!
Reply
Technician TOP 2use
2 years ago
thx
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out