A little project for a short bias on the AMAT with 3 potential scenarios in mind. A fall from the first pink rectangle, or from inside it if the top edge becomes resistance. Second scenario is resistance met at the white curve. 3rd scenario is similar but at the purple curve.
These should only be considered if the earnings don't push this with a stellar gap...
AMAT is a big one on the SMH etf, so I got one for more exposure. Let's get it. I'm in for $230 approx TP.
NFA - IDEAS ONLY. Plus its always better to have it in writing.
Opinion always
Analyzing the options chain and the chart patterns of AMAT Applied Materials prior to the earnings report this week,
I would consider purchasing the 210usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $16.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMAT can be interesting here, as well, only for those who wants to play a bit.
On the 4H: MM50 touched soon
On the D: MM20 touched
I would be shocked if we bounce a bit but could potentially continue to go down to touch the MM50 D in case of a bad macro
Hoping to get a shot on these buy-zones.
Around 140 is my first fib retracement zone and will be my first entry when it gets there.
When it hits the second fib retracement zone at around 120 I will buy some more.
Will be a longterm hold, just want to get it at a good price.
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
NASDAQ:AMAT alerted a few days ago based on monthly time frame Vs RSI peaks divergence. Now coming through. Things are fluid so keep an eye.😁👍 Happy trading.
currently weve got significant bullish momentum within the electronic technology stock sectors and as such APPLIED MATERIALS should continue to benefit from the current upside this sector is receiving. Current price action is on its way to 170-175 and most likely will break those ranges based on current buying momentum that it received within the low 160 range. ...
Applied Materials is the global leader in nano manufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and energy efficient glass.
Strength below range highs.
Hi traders,
let's take a look at AMAT chart.
On chart are shown resistance and support lines.
If the prices reaches the resistance line, you can take short position.
Entry price, target and the stop loss are shown on the chart.
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
