Possible Iv H&S on AMATThere is an In H&S possibly forming on AMAT. The target is around the .786 fib retracement to ATH.
0.84%
8.16USD
6.856BUSD
26.517BUSD
833.375M
About Applied Materials, Inc.
Sector
Industry
CEO
Gary E. Dickerson
Website
Headquarters
Santa Clara
Founded
1967
ISIN
US0382221051
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.
AMAT BottomingNothing special here but AMAT is struggling the fifth day with the current level.
Of course this may be a consolidation level. Therefore a bet on an upward correction must be combined with a tight stop.
Support HeldThe end September low has just held. Due to the steep decline last days I can imagine an attempt to test the highs of past week again.
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 wen
$Amat met all the criteria to keep going up✅Created demand zone below
✅Retested that zone
✅Crossed above the resistance
I am bullish on this. Target is 155.46 and stop loss closing below 141.20
The goal of reducing 60$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
$AMAT - Are we there yet?NASDAQ:AMAT - A great company with a great future.
The weekly chart suggest a measured move at play to $167.xx and change.
The move coincides with a Double Top as well. So a question remains - are we there yet? Well time will tell!
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
$AMAT with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NASDAQ:AMAT after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 85.71%.
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AMATThe fault in our chips
The US is clamping down on chip-making exports to China, and US-based companies are suffering the fallout.
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