AMAT - 5 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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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 opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Applied Materials, Inc. Shs Sponsored Canadian Depository Receipt Hedged Reg
No trades
AP20 trade ideas
AMAT Potential Selling OpportunityThe U.S. Department of Commerce announced Tuesday that it plans to prevent the sale of more advanced artificial intelligence chips to China in the coming weeks. The U.S. government says the new rules are intended to close loopholes that popped up after last year's restrictions on AI chip exports went into effect.
If the U.S. restricts or closes the leeway that allows Chinese companies to access American AI chips, it can disrupt the global semiconductor supply chain. Applied Materials is a key player in providing equipment and technology for semiconductor manufacturing.
A disruption in the supply chain or reduced demand from Chinese customers could negatively impact their revenue and stock price.
Cycle Sniper is about to send the sell signal on the weekly chart.
After a potential breakdown of the ascending trendline and closing below 130 $ , stock price may go to 122 $ and 110 $
Good Luck
The goal of reducing 60$According to the Butterfly pattern, the Fibo perfectly converges the decline to the target of $ 60. We also go down the channel where the lower border of the channel will be. All 3 parameters should be added together. We should reach it by May 2024, there will be a great point for going to long.
AMAT Applied Materials Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AMAT Applied Materials prior to the earnings report this week,
I would consider purchasing the 130usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $6.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
AMAT Entry, Volume, Target, StopWhen price clears: Safest: 132.06 Riskier: 128.32
With average daily volume.
Target: 140.50 area
Stop: Depending on your risk tolerance; 124.28 gets you 3/1 Risk/Reward from 128.32, 129.25 gets you 3/1 Risk/Reward from 132.06.
This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
AmatThis one has been a sweet trade for me. I didn’t get to post about it. Howver curently we are on a breakout of an uptrend channel. We are in a smaller correction 138 is big support of this potential smaller flagging considlation. If 138 breaks down I’d be buying the dip arpund 136 as a beck test of the channel breakout. If we pop 143 and hold as support then another leg up should contiue. I’m remaining bullish on Amat. Dips should be bought as long as we are above 133
AMAT Entry, Volume, Target, StopEntry: when price clears 138.80
Volume: with daily volume greater than 7.76M
Target: 149 area
Stop: Depending on your risk tolerance; 135.41 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
AMAT possible BUY opportunityAfter successful GOOG and CRM buy, my eyes are on AMAT stock- Applied Materials INC. Company operating in Technology sector. Stock price is currently consolidating in a $110.16 to $125.65 price range, forming a valid price Box. Box in price stock has become well known from Nicholas Darvas epic book called "How I made $2.000.000 in the stock market".
Things to consider:
1. This price range is good and the main reason for it is that the price is currently sitting above 200SMA on Daily level, and on Weekly as well.
2. Price is currently trying to break above 50SMA level on Daily, sitting at $116.52. If price manages to break the 50SMA level, I am consider buying couple of shares just to be in the game.
3. The best buy situation for me personally would be the break above price level sitting at $125.6 level and that will be my safe buy zone.
4. Of course, nothing is certain in markets, especially now, so my Stop Loss level will be sitting at $115.8 which is if you look at the chart now just below the 50SMA line on the Daily levels.
5. $125.6 price level is at the moment acting as big resistance level for the price, this is why I will consider the break above that level as safe buy zone.
6. If my order gets triggered I will be looking at $145.36 level as potential add to position/close with profit area. Depending on what the market does, my action will be following the overall market.
Just for everyone's thoughts, this is not financial advice and I am not a financial advisor, please do your Due Diligence before investing your hard earned cash.