AMAT trade ideas
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
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.
