Signs 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.
Looks like a successful break of inverse H&S neckline. Target of $151. DYOR and trade at own risk
Reasons: above all moving averages broke the horizontal resistance bullish seasonality
BULL FLAG forming with a 8-10% potential gain over the next couple of weeks
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%.
AMAT daily bearish hammer at MA 100 beware of earnings
A 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...
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...
Hey, 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
Hey 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.
Rising volume and divergence are seeing stong bullish upside. But likely another downside is seen
Details is in the chart. We retraced to 0.559, if it holds we will see 1.618 extension quick. Let's see what we get.
Bounced from the weekly vwap with a double bottom pattern. If the momentum holds we might see 95 by Friday. In 92 calls exp Friday.
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...
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%.
Hey 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...