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AIQ_Systems
Oct 14, 2019 5:38 PM

AMAT topping again with MACD diverging down Short

NASDAQ:AMAT1D
Applied Materials, Inc.NASDAQ

Description

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As AMAT has been moving away from the triple top the MACD has divergence down, prices look like theya re headed to the 49 level. Picked up osme October 25th weekly options the 49 puts at 32 c.

Comment

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went nowhere we exited at 11c for 68% loss
Support and ResistanceDouble Top or BottomOscillatorsMoving Average Convergence / Divergence (MACD)macddivergenceDouble Top
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