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Applied Materials, Inc. Shs Sponsored Canadian Depository Receipt Hedged RegApplied Materials, Inc. Shs Sponsored Canadian Depository Receipt Hedged RegApplied Materials, Inc. Shs Sponsored Canadian Depository Receipt Hedged Reg

Applied Materials, Inc. Shs Sponsored Canadian Depository Receipt Hedged Reg

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Long $AMAT This is a chart of $AMAT on a 4hr candlestick with a Fib Retracement too and the TradingView "Long Position" tool. As you can see, AMAT has just broken out of a pennant. I would wait for a pullback to the $130 level to add shares. If it goes to $125, I will add to my position. Keeping stops tight due to the uncertainty of this choppy and fearful market, I would set it at about the $121 mark right where a Fib line is. This analysis tells me $AMAT may be $171, which would be my PT level for a very successful trade. If I were to take a position of 10 shares, I would be adding 7@$130 and then 3@$125, which would be a CBPS of $128.5. If I would then be risking $7.5 per share to potentially make $42.5 per share. I liked what I saw from Applied Material's recent earnings report, I think there is good sentiment around this name, this is a name I would go long on.
NASDAQ:AMATLong
by mvnicosia
AMAT LongAMAT has been stair-stepping higher in a bull trend lately. In my opinion AMAT has been a leader in one of the stronger industry groups within tech (semiconductor equipment). Yesterday it printed an inverted hammer after failing to make a significant push below the previous low on 4/19. This is the line in the sand. Today it opened near those lows but pushed higher and out of the short-term downtrend on impressive volume. It has consistently found buyers at the 20-day EMA (see arrows) - this area has regularly been a great spot to initiate a long. Today represents a low-risk entry with a stop at the previous day's low (red dotted line).
NASDAQ:AMATLong
by mroberts1204