AMAT is looking to rebound and confirm the reversal after strong bullish bar was seen breaking above the resistance of 167. Also, the stock has also broken above the downtrend line. Furthermore, the stock has also formed a v-shaped bottom. Momentum indicators shows bullish divergence and oversold crossover. TArget in near-term at 185 and 204 for the long-term.
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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.