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AMAT trade ideas

Retest after breakout | AMAT Today we will take a look at AMAT. What are the main technical elements can we see here? - First, we have the 200 days main structure that the price broke on November - After the breakout, we observed a retest (typical behavior after a structure of this size are broken) - Now, we are ready to define a level where I will consider that this chart configuration has upside potential towards the 2nd fibo extension or the higher trendline of the channel. - IF the price makes a new ATH, I will consider that confirmation for the bullish view. Invalidation level will be below the retest - IF everything goes as expected, I think we may see a movement with a duration of 100 to 150 days towards the target. What are the odds of this view being right? I would say between 45% to 50%. Are you trading this setup? No, I'm not trading this setup; currently, I'm exposed to the max amount of open positions my system allows me. However, I think this is a solid scenario from a technical perspective; the expected risk to reward ratio is about 2. As I mentioned before, the odds of this movement happening based on this type of formation are between 45% to 50%. (All you need to create an edge on the market) What happens if the price never reaches the activation level and keeps falling? You simply cancel your view. What happens if the prices reach the entry-level and then go straight to my stop loss? You simply absorb a stop. That's why it is essential to manage risk and define a % on each setup you will take; my risk management goes between 1% to 3%. Thanks for reading! Feel free to share your chars and view them in the comments.
NASDAQ:AMAT
by ThinkingAntsOk
1
AMAT, A rising stock! many chances for traders and investors!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 larger degree wave 3 which probably can push the price up to around 180 USD. Then correction of shown wave 4 will start which can push price back to 130-150 zone. Another actionary wave up to above 200 USD will complete an Elliott wave cycle which means considerable correction start after this cycle completion. It is worth to note this mentioned complete cycle can be just wave 3 of 3 a two larger degree cycle which means we may see unbelievable targets for AMAT or we may have just an extended wave 5 ! Should it need any update we can do it later. Wish you huge profits my friend .
NASDAQ:AMATLong
by SaeedSajedi
2
AMAT, Long in the case of bullish reaction ! A new ATH ?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 indicator is near oversold zone. Please note that we had a nice move up whenever it has recently reached to this area. In terms of Elliott waves , We may be at the start of wave 3 of 3. Possible wave count has been shown on the chart. If true, first target will be around 170 USD which corresponds to 1.618 projection of labeled wave 1. It may go higher. We can update it later. Wave 5 will certainly goes above 170 !. Please notice the notes on the chart about the conditions which confirms or invalidates this analysis. Although all evidences show that it is ready to make a new move up, we have to trade objectively. We set out stop loss carefully ( which is the last low shown on the chart) in the case of opening a long position. We try to see the chances and find ideal setups but we always keep in mind that market is the one who choose the path and we are the one to follow. That is why I chose this title : " Long in the case of bullish reaction! " Good luck my friends.
NASDAQ:AMATLong
by SaeedSajedi
11
Key Ideas to trade big daily structures. Example on AMATI 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 to know if we are observing a clear breakout or a fakeout, thanks to the limits we have drawn and the way the price has respected them. So, how to proceed now? We ask this simple question. How many times can I find a similar situation like this in the past? Imagine we say four times. Ok, which is the sequence where the price goes from being inside the range towards a new bullish impulse? Here is where technical analysis will help you create a map or sequence of movements to say, "Hey, there is a pattern here that I can wait." Once you have defined that, draw it in your chart. In this case, my final filters are: a) Wait for a new ATH (that's the confirmation that the structure has been broken) b) Wait for a 2 to 4 weeks correction (that means that after the breakout, the price is not able to make a new ATH) c) IF that happens, trade on the new ATH, with a stop loss below the 2 to 4 weeks correction and Take profit on the final Fibo extension d) IF that doesn't happen, do not trade e) Move the stop loss to the entry-level if the price reaches the first Fibo Extension. f) Risk: We will use 2% of our capital on the stop loss. g) Relax and Wait. As you can see, this is a methodic way of developing a setup that provides a lot of control over your executions, and you can proceed based on a pre-established set of rules. This is extremely helpful to overcome emotions and bring consistency to your strategy. Remember: Do not try to avoid a stop-loss; create procedures to control them. My win rate right now is 55% - 60%. That means that almost half of the time, I'm wrong; HOWEVER, when I'm right, I make more than 2 dollars of every dollar I'm risking. Trade like a casino! Thanks for reading!
NASDAQ:AMAT
by ThinkingAntsOk
25