AMAT Entry, Volume, Target, Stop

When price clears: Safest: 132.06 Riskier: 128.32
With average daily volume.
Target: 140.50 area
Stop: Depending on your risk tolerance; 124.28 gets you 3/1 Risk/Reward from 128.32, 129.25 gets you 3/1 Risk/Reward from 132.06.

This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.

Comment:

I plan to take the riskier entry when price crosses above 128.32, assuming price doesn't dramatically from here.

Trade active

Comment:

140 target area is probably low. Assuming it keeps climbing, I would hold this stock and sell little by little on they way up, but retain some of your position beyond the 140 target area.

Comment:

If I were posting this idea today, I'd call the target 149 with resistance at 142-145.16.

If you didn't take this trade, a good entry would be when price clears 138.80 with volume greater than 7.75M.

Comment:

Technically my 140.50 target area was reached. I sold 1/3 of my position but will hold on to the rest until I have a reason not to.

Comment:

Sold 1/3 of my original position - still holding final 1/3 waiting for 149 area. At 149, I will most likely exit, it was a nice run and I like profit.

Trade closed: target reached:

Decided to exit with a nice win, will watch for the next setup.