Therealaleech

AMAT - Channel break

Long
NASDAQ:AMAT   Applied Materials, Inc.
It's probably me with the rose tinted glasses on (literally, blocking that blue light at night), but this is looking fairly decent to me. The volume has been about average for this stock. The EMA’s are headed higher and are setting themselves to have a bit of fun if this makes a run. The SMA’s are sideways. Stochastics are giving a buy signal in overbought territory, RSI just crossed the overbought threshold and MACD is looking to give a buy signal too. BB are in a semi-squeeze. ADX is 25 is headed up.

R:R is 1:2.

Trigger $23.52
Stop is $21.70
Target is $27.07.

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