📌 Stock: Applied Materials (AMAT)
Current Price: ~$204
Timeframe: Daily Chart
Sector: Semiconductors / Tech
📊 Technical Structure Overview
This chart suggests a bullish long-term setup with well-defined:
Entry Zone: $170 – $185
Stop Loss: $153
Target Zone: $322 – $331
✅ Support and Entry Zone (Green Box: $170 – $185)
This area has acted as previous resistance, which has now turned into strong support (classical role reversal).
Multiple price reactions around this zone confirm its validity.
A pullback into this area offers a high-probability long entry with favorable risk-to-reward.
🟥 Stop Loss Level: $153
Placing the stop slightly below the key support ensures that you're out if the setup breaks down.
This level is well below structure and reduces chances of getting wicked out during minor volatility.
Loss at this point would suggest a change in trend and invalidation of the current setup.
🎯 Target Zone: $322 – $331 (Red Box)
This is a measured target based on previous price extensions and major resistance zone (likely all-time highs or psychological round numbers).
It also aligns with a bullish breakout pattern (potential ascending triangle or cup & handle forming).
Achieving this target implies a +60% upside from current levels.
📈 Bullish Roadmap (Blue Projection Path)
The projected price action suggests:
Higher highs and higher lows formation.
Healthy corrections followed by trend continuation.
A multi-month bullish cycle is expected.
🔍 Volume & Structure Observation
The volume appears to support a strong breakout from the previous consolidation zone.
The structure resembles a long-term accumulation base, now transitioning into a markup phase.
Historical volatility around earnings should be monitored.
🧠 Risk-Reward Analysis
Entry Range Stop Target Risk/Reward
$170–$185 $153 $322–$331 ~1:4 to 1:5
This is a highly favorable risk-to-reward ratio, making it an ideal setup for swing or position traders.
🧭 Strategic Summary
Aspect View
Trend Bullish
Current Position Breakout
Best Entry Pullback to $185–$170 zone
Risk Management Stop below $153
Long-Term Target $322–$331
Time Horizon 12–24 months
⚠️ Risk Considerations
Watch macroeconomic trends (interest rates, chip demand cycles).
Monitor earnings and forward guidance.
Maintain position sizing discipline—despite strong setup, external factors can shift sentiment quickly.
Current Price: ~$204
Timeframe: Daily Chart
Sector: Semiconductors / Tech
📊 Technical Structure Overview
This chart suggests a bullish long-term setup with well-defined:
Entry Zone: $170 – $185
Stop Loss: $153
Target Zone: $322 – $331
✅ Support and Entry Zone (Green Box: $170 – $185)
This area has acted as previous resistance, which has now turned into strong support (classical role reversal).
Multiple price reactions around this zone confirm its validity.
A pullback into this area offers a high-probability long entry with favorable risk-to-reward.
🟥 Stop Loss Level: $153
Placing the stop slightly below the key support ensures that you're out if the setup breaks down.
This level is well below structure and reduces chances of getting wicked out during minor volatility.
Loss at this point would suggest a change in trend and invalidation of the current setup.
🎯 Target Zone: $322 – $331 (Red Box)
This is a measured target based on previous price extensions and major resistance zone (likely all-time highs or psychological round numbers).
It also aligns with a bullish breakout pattern (potential ascending triangle or cup & handle forming).
Achieving this target implies a +60% upside from current levels.
📈 Bullish Roadmap (Blue Projection Path)
The projected price action suggests:
Higher highs and higher lows formation.
Healthy corrections followed by trend continuation.
A multi-month bullish cycle is expected.
🔍 Volume & Structure Observation
The volume appears to support a strong breakout from the previous consolidation zone.
The structure resembles a long-term accumulation base, now transitioning into a markup phase.
Historical volatility around earnings should be monitored.
🧠 Risk-Reward Analysis
Entry Range Stop Target Risk/Reward
$170–$185 $153 $322–$331 ~1:4 to 1:5
This is a highly favorable risk-to-reward ratio, making it an ideal setup for swing or position traders.
🧭 Strategic Summary
Aspect View
Trend Bullish
Current Position Breakout
Best Entry Pullback to $185–$170 zone
Risk Management Stop below $153
Long-Term Target $322–$331
Time Horizon 12–24 months
⚠️ Risk Considerations
Watch macroeconomic trends (interest rates, chip demand cycles).
Monitor earnings and forward guidance.
Maintain position sizing discipline—despite strong setup, external factors can shift sentiment quickly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.