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Applied Materials, Inc.Applied Materials, Inc.Applied Materials, Inc.

Applied Materials, Inc.

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AMAT trade ideas

Will AMAT break the terminal pattern extending from March?AMAT is in a coiling pattern that extends from March 2021 and may be looking to break out now. Fundamentally: * AMATs sales growth quarter-over-quarter has been more than 30% * Its EPS is expected to grow over the coming year Technically: * AMAT is in a pennant pattern indicated by the white trend lines * Recently broke back above a resistance of $135.34 which should now serve as support * Is approaching a confluence of resistance at $142.12 Trade idea: * AMAT is approaching a confluence of resistance around the $142.10 area * Expect selling pressure around there * Expect the $135.30 area to serve as support * Look for buying opportunities around the $135.30 area OR * Wait for a daily break and close above $142 as a confirmation Notes: * A break and close below $135 would make $130 the next support level and a break below that could send the price to the bottom of the pattern * A break above $142 can be expected in the coming week * However, this may continue coiling using 135.34 as support and the white trend line as resistance until earnings
NASDAQ:AMATLong
by HaseebKhan_90
MARKET ALPHA WATCHLIST - AMATOption Alert Symbol: NASDAQ:AMAT Type: Call Strike: $155 Expiration: 8/20/21 Indicators Laguerre RSI Multi-Time Frame EMA x2 Comments... Large call option came in for AMAT and decided to check out the technicals. This buyer decided to place a massive bet on this stock rising higher buying way out of the money calls. The technicals show this may be a good time to purchase this price because we are coming into heavy support but it seems unlikely we would reach the price by expiration.
NASDAQ:AMAT
by jakelikesstocks