Bought a bunch of Amat sound 142.12$. In going to contiue to buy these dips as I feel strongly this flag breakout is going to rip hard when this correction is done. She’s holding up phenominal after consolidating under the 2.618 fib. Ready to contiue up soon!!
hello traders lets take a look at AMAT today! don't forget to like and follow if you enjoy my analysis!
If we study the recent price action, amat has a history of long consolidation followed by a nice rally! If history repeats itself here we could be looking at 4 months of straight green for AMAT! Remember nothing is guaranteed but the stock market has a history...
After 6 Months accumulation in flag pattern, Price started to go higher with sufficient volume. Pull back to resistance zone is good sign for going more higher level.
Testing this strategy and tools here on $AMAT... breakout to ATH's... entry above breakout - ride to target or higher...S/L below breakout.
MACD and RSI suggesting a pull back first...hopefully above the S/L.
NASDAQ:AMAT
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 75%.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
AMAT made a new ATH yesterday which confirmed completion of a correction and going up to new highs.
AMAT is clearly in up going wave cycles. It offers many chances for both short term traders and long term investors /share holders. How far it goes higher? lets follow the analysis !
As shown on the chart AMAT currently is completing wave v (in circle) of a...
AMAT exited the channel and is ready for a very strong, sharp movement upwards, that can, I am expecting a BUEC before it would start moving, if that wouldn’t appear, I won’t enter since the RRR would be to risky at that point, a very good technical that is worth following
Is AMAT going to show a bullish reaction to the strong support and make a new All Time High? Lets follow!
Price is clearly around dynamic short term trend line support . This is fourth time that price reaches to this support. Last three times it could push up the price successfully. Moreover, price is now exactly at 0.786 Retracement of last move up.
Stochastic...
ENTRY: On break below $128
SL: 136.60
PT 1 (trim level: Trim 50-70% here) - $115-$118
PT 2 (Closing position here) $100.75 - $105
Rectangle top and Major Wave 3 hitting 262% extension level. Needs much larger correction here on Wave 4. Most will this is a bull flag and it is, but based on 262% extension level, I favor a pull back here in wave 4 into green...
I will keep this post short, so you can get a general idea of this trading style.
First of all , we have a situation where the price could not make a new ATH in 200 days. It's important to notice that we can draw a clear structure with well-defined limits because the price stayed in a clear range between 146 and 114
Now that the structure is clear, it is easy...
AMAT is bound for a strong impulsive move
✅ Phase 1: a harsh pullback
✅ Phase 2: a period of consolidation
✅ Phase 3 : an impulsive move to the 0.61 line of the pullback move
❌ Phase 4: another consolidation perdiod: Skipped
✅ Phase 5: a drop to the 0.38 line of the fib retracement
🤩 Phase 6: Back to the top we go
