Applied Materials Inc. (NASDAQ: NASDAQ:AMAT ) is emerging as a frontrunner, riding high on a wave of optimism following its recent forecast announcement. The company's shares surged an impressive 13% in premarket trading on Friday, fueled by a promising outlook fueled by robust demand for AI-enabled chips. Analyzing the Surge: The semiconductor equipment...
AMAT on the 15 minute chart jumped 13 % from earnings and is now in the $212 range. The 0.5 fib level is 202.65. I have 3 call options striking $190 for July purchased only a day ago. Trade plan. I will sell two calls and collect profit. I am buying a put option striking $204 expiring on 2/23/24 expecting a fall to the retracement line. I will close the...
Reasons for bullish bias: - Price moving in ascending channel - Entry is at 0.382 fib retracement - Safe entry will be above 179.35(HH breakout) - TP till projection Entry Level(buy limit): 167.47 Stop Loss Level: 146.92 Take Profit Level 1: 188.02 Take Profit Level 2: 200.57
Analyzing the options chain and the chart patterns of AMAT Applied Materials prior to the earnings report this week, I would consider purchasing the 130usd strike price Puts with an expiration date of 2023-11-17, for a premium of approximately $6.30. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
Entry: when price clears 138.80 Volume: with daily volume greater than 7.76M Target: 149 area Stop: Depending on your risk tolerance; 135.41 gets you 3/1 Risk/Reward. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
After successful GOOG and CRM buy, my eyes are on AMAT stock- Applied Materials INC. Company operating in Technology sector. Stock price is currently consolidating in a $110.16 to $125.65 price range, forming a valid price Box. Box in price stock has become well known from Nicholas Darvas epic book called "How I made $2.000.000 in the stock market". Things to...
Full bullish reversal looks like on the way The fib golden pocket is from the range 120 to 131 The current position after good earnings can push it for the full bullish reversal to the previous High of 166 ?
An up channel is evident which I think will continue with strong bullish runs. I have used my pattern counting method to show the pattern I am looking at. Corresponding points in 1,2,3
$AMAT has a beautiful IH&S on the chart right now. Neckline at $110, which were currently building support above. The low was $70, so the measured move would be to the $140/$150 area. has been consolidating sideways for a while lagging behind other chips like $NVDA & $AMD, expect it to catch up soon..
- AMAT is in a rising trend channel in the short term. - AMAT has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 119. - Further rise to 128 or more is signaled. - AMAT has support at 110 and resistance at 124. - Overall assessed as technically positive for the short term. *EP: Enter Price, SL:...
SOX has been diverging from SPY last couple of days, which is unusual. SOX had 50/200 EMA xover Friday. SOX is extended, could pull back to prior swing high at 2913 (-3.25%) where there is good support. Watch these tech stocks with earnings coming up next 10 days, all daily charts look bullish (except CSCO, which is debatable). All also have positive point &...
AMAT is a strong company, clean financials, legacy business entrenchment (moat) and plenty of upside potential. However buying today is not favorable risk-reward, wait a few months to see if 2023 gives another ideal buying opportunity Sector: Producer Manufacturing Industry: Industrial Machinery Applied Materials, Inc. provides manufacturing equipment,...
Signs of uptrend - Candles challenging MA 200 (neutral) - Expectation of Line C (1:1 of line B) is not met - weak downtrend - New higher high being formed (dotted line) - downtrend breached Waiting between $80 to $90 to enter, where more volume are being traded.
BULL FLAG forming with a 8-10% potential gain over the next couple of weeks
AMAT daily bearish hammer at MA 100 beware of earnings
This is in my opinion like buying oil stocks in the march 2020 crash. Semis to technology is like oil to transport. The world will not survive without either. So I place my long here today confidently regardless of the next few weeks or months. I will hold this until we re-reach our previous ATH which will be sooner than most anticipate. I expect by 2025 this will...