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
AMAT trade ideas
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
AMAT Oversold to 138 ?RSI Oversold (Under 35)
Consistent demand for Semis Expected
128 -> 138 Ranging
PT: $138
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
Semiconductors Taking Their Sweet Time Breaking Out Semiconductors are anticipated to rally this week. Consolidation is taking its sweet time. Bull flag forming.
Quick chart up and we're looking bullish in my opinion. I'm expecting a market crash after some of these rallies finish up, so I am short and really watching this week how growth, tech, semiconductors play out.
NASDAQ:AMAT
Please note: I am not a financial advisor; these are my opinions only.
AMAT - Head fake, back down towards 124See chart attached - AMAT has reached the top of the falling wedge and in my opinion is not close enough to the apex and I would like to see a 3rd touch towards the bottom of this pattern.
$AMAT Working on a Breakout?Looks like $AMAT is putting in some very constructive action right around this area of support / resistance (vertical line). I have an alert just over the recent daily high at $140.95. I'll look to open a 1/2 position at that point with a stop just under the area of new support. I like this type of entry as I'll know very quickly if the idea works or not. If not, I'll take a small loss. All TBD.
Renewed MomentumWe saw an attempt to correct downward today but new money flew in and the momentum began to rise again.
AMAT - Not enough room to climbFundamental analysis may not always show what technical analysis shows...
AMAT making bullish run with MA Cross above 50MARetrace from last run shows this can reach 155 by end of Jun.
AMAT on watchWould like to see a pull back to the green box and then a push through the downward trend line. Targets would be the dotted lines. Not interested if price dropped below the green box.
$AMAT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AMAT after a Negative Under reaction following its earnings release placing the stock in drift D
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 - From Deep pit to new heightsChip companies have recently experienced high volatility - but this seems to be the latest low. On Belay!
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.
collecting that baggood quarter, scarce product. June 4th $132 calls + shares post earning + x-div 🤙🏽
