After the little downtrend from the last days I see a possible entry possition in this stock. But, I will wait a little bit in order to see how it will bahve in the resistence line. What do I mean? If the RSI and Stochastic revert it might indicate that the trend is changing and the price will increase. Besides, the stock is trading quite below the moving...
AMAT has effectively broken out and re-entered it's upward rising channel. Current target is ~$100 (a 1.618 fib extension from that last downward correction April2018-Jan2019), but that could take until year end. Elliott Wave pattern is screaming to me that this is a 5 of a 5, so watch out near that $100 target and get your sell limit orders placed...
AMAT corrected down after a failure to break out and above previous 2018 all-time highs. AMAT has rebounding price action on High Frequency Traders and Smaller Funds Volume Weighted Average Price orders. It is now near the previous resistance level to attempt another breakout.
AMAT is trending upward shown in the weekly chart view, after dropping to the 50% value loss level. This is a common area for a bottom formation to commence.