Time To "Short" APPLIED MATERIALS Is Coming Closer & Closer.Applied Materials Ins (NASDAQ: AMAT) is giving signs for Loss Of Buyer's Momentum at the top as per TTC Breakdown Formation . The 54.50 Zone is very critical for now to hold the breakdown. If price manages to sustain below this Critical TTC Zone , we can see buyers losing control to the sellers in the markets.
For Short-term targets, Trader should eye on 53.20 Zone . Then 52.20 is the next support. For Swing Traders, 48.50 zone is Very Critical. Below which we can see a good amount of selling.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.