$AMAT - Watch below 126 for puts$AMAT - Trend line break down & selling volume pressure, watch below 126 for puts
Applied Materials, Inc. Shs Sponsored Canadian Depository Receipt Hedged Reg
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AMAT trade ideas
AMAT bounce?Looks like price bounced off the lower trend line. Earnings is coming up, but they've beat 4 out of 4. EPS keeps increasing each quarter.
I'm in if the price rises to $130.59. Good potential to raise the target. I'm probably being too conservative.
Weekly PUTS for Aug 20th are nice:
$120 bid of $0.61. -0.03 delta
$124 bid of $1.26
Earnings on the 19th.
AMAT SHORTWe need to wait until @134 then look for short or buy puts looking for a trend continuation.
AMAT - Forming Ascending TriangleAMAT price could currently be at a good entry zone. It has been forming higher lows with a resistance at around 145 level. Stop loss at previous swing low (124).
Amat earnings previewI like the long position here going into earnings for these 3 reaaons..
1.Bottom of channel
2.price is lower now than after last earnings (means earnings might not be priced in)
3. SMH ETF looks good and has also found support
Target prices are green lines
TrendyTrades: AMAT AnalysisBullish Harami, bottom of channel, bullish trendline bounce, gap fill above. Gap fill can be used for PT.
AMAT strange patternAMAT has had these ridiculous sell offs multiple times only to make a new highs 14 days after bottoming out at the trendline. Kinda silly, looking like easy money. Loading the boat with 9/3 call options. I don't know who is pulling the strings of the market but it looks like a damn bot. AMAT new all time high September 1st.
Time to buy the dip?AMAT has dropped 10%+ in the last 3 days, and it has reached the upward trendline. It could be a good time to buy the dip. Please wait for a bounce first before buying though.
For anyone who trade options, you could sell some OTM put options to get stock for a discount.
AMATPerfect set up.
now let's go for a ride.
Bullish for AMAT - MACD D confirmation, flag pole, MA confirmation
AMAT BUY OR LONG, TARGET $170AMAT today completely broke out a " Symmetrical triangle " pattern with target move to $170 and
you need to secure a reasonable stop loss with your idea, I recommend 5% stop loss.
AMAT VCP SETUP AMAT observed to have VCP setup with below contraction:
C1: -21%
C2: -11%
C3: -4%
2 Aug Gap up and breakout the 2nd contraction. Can the breakout sustain? Let's see.
Disclaimer:
Just a sharing on the technical analysis. Trade at your own risk.
$AMAT 4 Months Base (BO into AHTs)High probably $AMAT put in a constructive day on Friday in completing is 4 months long base. High probability this heads higher from here breaking into AHTs.
An Inv H&S with a pennant on breakoutThe pennant breakout eyes 142.00 which will solidify the inv H&S breakout with a potential upside towards 150.00.
Goodluck
Will AMAT break the terminal pattern extending from March?AMAT is in a coiling pattern that extends from March 2021 and may be looking to break out now.
Fundamentally:
* AMATs sales growth quarter-over-quarter has been more than 30%
* Its EPS is expected to grow over the coming year
Technically:
* AMAT is in a pennant pattern indicated by the white trend lines
* Recently broke back above a resistance of $135.34 which should now serve as support
* Is approaching a confluence of resistance at $142.12
Trade idea:
* AMAT is approaching a confluence of resistance around the $142.10 area
* Expect selling pressure around there
* Expect the $135.30 area to serve as support
* Look for buying opportunities around the $135.30 area
OR
* Wait for a daily break and close above $142 as a confirmation
Notes:
* A break and close below $135 would make $130 the next support level and a break below that could send the price to the bottom of the pattern
* A break above $142 can be expected in the coming week
* However, this may continue coiling using 135.34 as support and the white trend line as resistance until earnings
MARKET ALPHA WATCHLIST - AMATOption Alert
Symbol: NASDAQ:AMAT
Type: Call
Strike: $155
Expiration: 8/20/21
Indicators
Laguerre RSI
Multi-Time Frame EMA x2
Comments...
Large call option came in for AMAT and decided to check out the technicals.
This buyer decided to place a massive bet on this stock rising higher buying way out of the money calls. The technicals show this may be a good time to purchase this price because we are coming into heavy support but it seems unlikely we would reach the price by expiration.
AMAT: where it's been and where it's goingA look back at the previous 5 wave move. Project a new wave 1 on the same timeframe showing the inner 5 wave move. Trade wisely!
AMAT headed higher soon after this small dip? nice trend on AMAT here, clearly making higher lows and ready for a leg up. long 135 stop loss 129 pt 140-145, the risk reward isnt amazing but it has a high probability of paying out. please leave a like and follow if you enjoy my ideas <3
