AMAT chart patternDont have a timeframe but it will fail the channel, revisit it, then fail it and break down. It can keep this up channel going for a year, two, or a few months. But look out for the second break
AMAT trade ideas
$AMAT Inverse Head & Shoulders$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..
rising wedge breakout to the downside comingBreakout imminent. looking to go short after the rising wedge breakout
AMAT -Rising Trend Channel [SHORT TERM]- 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: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
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long position on AMATMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
$AMAT with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $AMAT after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
AMAT -ter of Time for this Value Industrial Blue ChipAMAT 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, services and software to the semiconductor, display and related industries. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display & Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The Applied Global Services segment provides solutions to optimize equipment, performance, and productivity. The Display & Adjacent Markets segment offers products for manufacturing liquid crystal displays, organic light-emitting diodes, equipment upgrades, and other display technologies for TVs, monitors, laptops, personal computers, smart phones, and other consumer-oriented devices. The company was founded on November 10, 1967 and is headquartered in Santa Clara, CA.
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Applied Material Entry PointsSigns 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.
$AMAT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AMAT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 71.43%.
A level to short off of on AMATA level to watch and think about on AMAT. I am surprised AMAT made it this high, but I am quite confident it makes it no higher. I expect stocks to fall on CPI, I think semis will fall especially. Even if they don't, I'd watch this level on AMAT; I'm not sure it revisits it- I think the top is in. Make of it what you will. This is as good as it gets; I think this thing breaks new lows in November or early December
Applied Materials: Another Lower High?Applied Materials has recently bounced along with other technology stocks. But some trend followers may look for it to roll over.
The first pattern on today’s chart is the line running along the highs of January and August. The chip-equipment stock is approaching that potential resistance area. Will it roll over again?
The most recent price action may have already answered that question. After all, Wednesday’s peak was $0.06 below its monthly high from October 6. The S&P 500, in contrast, made new highs last week versus earlier in the month. That may reflect a lack of relative strength.
Third, AMAT has been stalling at its 50-day simple moving average (SMA). Is the intermediate-term downtrend still in effect?
Finally, stochastics are back to an overbought condition.
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Short idea #4Hey, I think AMAT drops, and significantly so; this will make new lows. I'm not shorting yet, but I'm posting my idea ahead of time. I WILL short this when SPY hits $390
AMAT long on a day of underperformanceHey all, as of Friday, I've been very bullish and net long. I sized up my long bet by buying AMAT here. I think everything has room up, especially AMAT as it is up negligibly on a very strong day. Predicted move, soft SL, and pt's drawn out. I think this name actually gets higher than my drawn out move.
Sharp rally, but likely to be capped at 93 or 98 resistanc levelRising volume and divergence are seeing stong bullish upside. But likely another downside is seen
AMATT This flat support has been pretty strong. However although the bulls have a chance to create a nice double bottom, the daily candles are creating more of a Barash flag Currently we are breaking the support and what we want to see is a daily candle close below in flipped to the hourly chart And look for a WIC back test or a nice back test rejection that we can get a suite entry on a short position upon this flipping to resistance. 82.83-83$ is the support to watch and see if this flips to resitance
$AMAT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $AMAT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 83.33%.
AMAT shortHey all, I'm currently up negligibly on my AMAT short. Along with SMH, I've been short on this name for the longest period of time out of any of the positions in my portfolio- I filled short when this thing hit 108 for the first time on the rally it is seeing. That being said, this is about as incredible a short setup as I've ever seen. I firmly believe this thing will virtually straight line down to $72/share. Even if that isn't the case, the risk:reward on this name is incredible, even here, down a few percent from the highs of this rally. I'm extraordinarily bearish on semiconductors currently; the names across the board look terrible, and as a very cyclically-sensitive sector, I believe they are primed to fall, a lot.
AMATter of timeHey all, I've been calling for a rally these last few weeks, and the rally has occurred. I am now looking to enter short with heavy size tomorrow, 7/29. AMAT is one of my favorite shorts- it has made a very clean Wyckoff distribution at the top, and has virtually no support until $70. I am incredibly bearish on semiconductors here, and AMAT is my favorite of the names to short. Favorable risk, favorable reward, with many safety net levels to hide behind if this rally does somehow, miraculously continue.
