NASDAQ:AMAT   Applied Materials, Inc.
Hey all, I've been calling for a rally these last few weeks, and the rally has occurred. I am now looking to enter short with heavy size tomorrow, 7/29. AMAT is one of my favorite shorts- it has made a very clean Wyckoff distribution at the top, and has virtually no support until $70. I am incredibly bearish on semiconductors here, and AMAT is my favorite of the names to short. Favorable risk, favorable reward, with many safety net levels to hide behind if this rally does somehow, miraculously continue.
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