Hey guys,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. APPLIED MATERIALS is at the end of its consolidation and stabilization zone, it can break from the bottom make a pull back to go breakout from its top.
Please LIKE &...
Based on my analysis:
1. AMAT is at the price support level.
2. Supported by the last candle forming bullish engulfing, that price will rise.
3. Stochastic made golden cross
4. It is expected that AMAT will continue to rise to the level of 61 USD.
Stock Market Analyst
Several technology stocks have formed bullish triangles as they consolidate from the last few months’ of volatility. These include Microsoft, Salesforce.com and Mastercard – all playing out to the upside.
Today another appears on the list: Semiconductor-equipment firm Applied Materials.
AMAT has been trapped below its 200-day simple moving average (SMA) since...
Analysis done on 25/05/2020
→ 20 & 40 SMA sloping up
→ 20MA > 40MA
Awaiting buy trigger
→ CCI <-100
→ Low of daily bar touches 20MA or goes below 20MA
→ Close above 40MA
→ Buy 1 bid above previous day high
→ Sell 5 bars later exclusive of initial bar
→ 50% below price bought
After the little downtrend from the last days I see a possible entry possition in this stock.
But, I will wait a little bit in order to see how it will bahve in the resistence line.
What do I mean?
If the RSI and Stochastic revert it might indicate that the trend is changing and the price will increase.
Besides, the stock is trading quite below the moving...
Semi-conductor company Applied Materials makes integrated circuit chips for a wide range of electronics, including TVs, smartphones and flat panel display screens. The $61 billion heavyweight’s robust start to 2020 is a direct continuation of 2019’s stellar performance; last year’s gains of 90% have been boosted by a further 9% year-to-date.
As per expectations,...
AMAT has effectively broken out and re-entered it's upward rising channel.
Current target is ~$100 (a 1.618 fib extension from that last downward correction April2018-Jan2019), but that could take until year end.
Elliott Wave pattern is screaming to me that this is a 5 of a 5, so watch out near that $100 target and get your sell limit orders placed...
AMAT has now touched its supporting trend line over 6times, the support today has been cracked, leading me to believe there is now downside pressure for a breakdown. Its price is also now under all the moving averages and has had increased sell side volume over the past several days. That paired with the SPY and SMH (semiconducter index) showing bearishness on...
Entry level $63.25 ( dependent on the open) - Target price $76.16 = Stop loss $61
We either get a doublke top rejection or a major breakout, given the market strenght and
storn senbtiment in the sector we believes that the odds are a break to the upside is imminent.
Bullish cross of 50 & 100 moving averages.
RSI and Momentum in strong uptrend.
MACD at breakout...