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MonetaryRebel
Feb 11, 2020 4:45 PM

Buy it Long

Applied Materials, Inc.NASDAQ

Description

AMAT has effectively broken out and re-entered it's upward rising channel.
Current target is ~$100 (a 1.618 fib extension from that last downward correction April2018-Jan2019), but that could take until year end.

Elliott Wave pattern is screaming to me that this is a 5 of a 5, so watch out near that $100 target and get your sell limit orders placed beforehand.

Considering buying some calls for 6 months--a year out

Comment

Earnings are also out Tomorrow!
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