Just in time, the levels show patterns that indicate that it still have more to give. This was a pretty quick change of mind. I reach to cancel the previous publication where i was short in this pair. When I analyzed the chart on a smaller scale, I discovered something interesting. I was tracing the angle from the wrong point. Long up to 73. Best wishes to all
I had posted this to my personal page. I had seen this double pattern happen a few times going back. I ended up missing the bottom by a bit but feel I still got in at a good spot. (*Note this was my first ever stock purchase) Since the run up has happened quicker than expected I am not sure what to think. It would seem another small correction is coming like in...
Amat has been on a tear since earning. I think we will see a small sell off as we approach the 9 sell on the daily, we should test the 100 EMA and then start the accent all while forming a nice clean handle that should lead to a breakout!
AMAT Swing Up Trending Color Magenta Number 2
Any new high should create a 3rd Monthly RSI diversion peak. Should be a struggle to break through. There was a reversal spike on the Daily chart for blowout earnings. Also, see a monthly chart of SOX and TXN for similarities.
We have bevvy of retail earnings announcements next week as the full season tapers off: HD announces earnings on Tuesday before market open with a background implied volatility of 23% (top quarter of 52-week range). CSCO -- Wednesday before market open with a background of 27 (near 52-week high). TGT -- Wednesday before market open, at 36 (top quarter of 52-week...
Applied Materials Ins (NASDAQ: AMAT) is giving signs for Loss Of Buyer's Momentum at the top as per TTC Breakdown Formation . The 54.50 Zone is very critical for now to hold the breakdown. If price manages to sustain below this Critical TTC Zone , we can see buyers losing control to the sellers in the markets. For Short-term targets, Trader should eye on ...
AMAT seems very good earnings play on the down side. It has good amount of insider selling. On the technical side it seems breaking down from an upward channel, and also looks like its forming a double top. Overall it seems it has good chance to decline with the earnings. To play this we would look for $42 August 18th or 25th Puts currently $0.60 and $0.76 *...
Applied Materials, Inc. has been dropping suddenly when the positive vortex indicator (discussed below) reaches its current level. This pattern has occurred seven times dating back to December 2015. It could be coincidence and/or it could be a great opportunity to haul in large gains with put options. The positive vortex indicator (VI) is at 1.2955 and the...
11-11-2016 AMAT @ 28.28 – Expected to test support zone before resuming 13-month uptrend AMAT rallied 13 months to reach 31.07 (September 22, 2016 high) before consolidating. The pullback so far has been benign, down 11% to 27.56 (October 13, 2016 low). As the momentum indicator remains neutral, the stock is expected to consolidate further towards the 26.00-27.00...
AMAT is a stock that has been mentioned in our trading community a fair few times. It has been trending well but hesitating around the $30 round number. Support is just over $1 away so a tighter trailing stop may be required to lock in profits for the Dynamic Traders who have positions in this.
AMAT is in a strong uptrend. At the moment there is a bearish divergence for a possible correction but i'm expecting more upside. A breakout on rising trendline could be a strong retrace. Possible target on chart.