APPLIED MATERIALS INC

NASDAQ

AMAT

An analysts almost doubling their price target on a company one day prior to earnings, may give us a indication of what is in store. AMAT is sitting on quite a critical level and this upgrade had come at a great time. Hopefully the Analyst is anticipating a large beat.

Broke the 200 SMA, long term trade

Stock has a nice rally from the December lows and consolidated nicely from the rally. Stock resumed its upward trend and a nice pin bar at support on 4/22 for entry.

DAILY tendency is downward support zone at 34.80 to 33.46 initial resistance at 41.23 200 MA resistance

Slight retracement to the 30 day, if it starts heading back towards resistance on smaller tieframes I will enter.

AMAT Support and Resistance

NASDAQ:AMAT trading below 1,2 and 3 day MA's. Sell short below 38.58.

NASDAQ:AMAT below 1,2,3day VWAP and below 5day MA. Short below $38.59. do not participate if it gaps down through the trigger price.

Target $45-50

AMAT looks poised to remain in decline after failing to break resistance at DTL

Go

Long based of channels and fibs My Entry: .00 (any entry above this is fine) Stop Loss: 1650.00 PT: 1440.00 area Risk/Reward: 1:3.4

Important close today for AMAT if it can hold above that 50DMA; next target would be $38

$AMAT forming a possible bear flag on the daily with a rising wedge into 50d ema resistance. Expecting $36 resistance to hold this week. Two possible medium term targets on chart. Note: Information analysis, not investment advice.

Not much to see here; Plain and simple trading with a minimum expected movement from a Head & Shoulders. Lots of negative news coming out about this company, but it isn't moving the price as much as it used to. With the general market being bearish on tech, and lot of bad news coming out that isn't moving prices, this could is a good long opportunity...

Targets: $70-$90

Targets and stops on the chart. Don't forget to like and follow. Thank you.

After using Multi - Time frame analysis, I have determined the Bigger picture trend is bullish. On the correction we will look for an entry here.