AMAT trade ideas
One of the few must owns (base 2 BO)Over 27.95 has blue sky for a major bull run. Buy signal triggered > 25.71-25.94
AMAT - APPLIED MATERIALS POSSIBLE UPTREND CONTINUATIONAMAT is in a strong uptrend. At the moment there is a bearish divergence for a possible correction but i'm expecting more upside. A breakout on rising trendline could be a strong retrace. Possible target on chart.
AMAT Higher Lows & remains on a solid BUY Signal. Can remain embedded Overbought for a while. Higher.
NOT True.. Trade any direction if the conditions prevail.Huge potential every day is left on the table. ie profit
Manage your trades in small portions in line with your risk management rules.
This is an up trend yet there are and will be many opportunities to short this stock.
Daily short setup in Applied Materials, Inc. AMAT has hit a major LVN, as well as a major pitchfork upper outer band. With the Weekly TAM uptrend price projection being exceeded and expiring in 2 weeks, a sell-stop under the recent pivot low (20.65) with a target of 17.81 could produce a nice short play.
Could this be an Ending Diagonal in the making????? We have multiple setups here. On the lower time frames we will be trading within the structure. If it breaks the trendline and consolidates it would be an "abc" correction with targets of $17.00
AMAT Long - Betting on the ReversalAlthough the support level is shown on the weekly chart, also notice the MACD divergence on the daily chart.
Using a soft stop loss of $0.50 and a hard one of $1, I'm looking to make $2.50 per share for a 5:1 reward-to-risk ratio. Not being greedy, the profit target is even lower than $20, although climbing above that isn't unlikely, should the reversal occurs.
Applied Materials - New highs probablyThe weekly chart is in a clear uptrend. After a bearish divergence, price returned to value, and just got oversold. The high volume week warns of a selling climax (after a very short fall).
On the daily chart, there is a double bottom with a false breakout. The doji labeled on the chart has very high volume, a rare occurrence that really adds weight to the doji. The volume indicators point to oversold, as the wave volume is climactic and the Force Index is climbing back into its channel.
Note that both impulses are red, which makes this trade dangerous, however the risk reward is very attractive. One could enter directly on the open (me) or could wait some more time for a blue daily impulse. If the stock gaps down on Monday, I am going to wait for a blue impulse as well.
AMAT (Daily)2003 double top.
Closed at/under range highs, pin bar, 161.8% extension.
Stochastics Bearish divergence.
Applied Materials: Another Bearish Topping Formation-The Share have completed a weekly double top pattern by closing below 19.85.
-RSI momentum bearish breakaout
-Main Rising trend line was taken
-Price is challenging the long term 52-week SMA, where a continuation below it would increase the bearish chances.
-First target at 18.30, second target at 16.70.
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AB=CD pattern completion and a double top We have bearish setup in $AMAT as the stock completed bearish harmonic trading pattern and made double top at the PRZ.
Now we need to see trendline break down to confirm the trend's reversal
