Short idea #4Hey, I think AMAT drops, and significantly so; this will make new lows. I'm not shorting yet, but I'm posting my idea ahead of time. I WILL short this when SPY hits $390
1AMAT trade ideas
AMAT long on a day of underperformanceHey all, as of Friday, I've been very bullish and net long. I sized up my long bet by buying AMAT here. I think everything has room up, especially AMAT as it is up negligibly on a very strong day. Predicted move, soft SL, and pt's drawn out. I think this name actually gets higher than my drawn out move.
Sharp rally, but likely to be capped at 93 or 98 resistanc levelRising volume and divergence are seeing stong bullish upside. But likely another downside is seen
AMATT This flat support has been pretty strong. However although the bulls have a chance to create a nice double bottom, the daily candles are creating more of a Barash flag Currently we are breaking the support and what we want to see is a daily candle close below in flipped to the hourly chart And look for a WIC back test or a nice back test rejection that we can get a suite entry on a short position upon this flipping to resistance. 82.83-83$ is the support to watch and see if this flips to resitance
$AMAT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $AMAT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 83.33%.
AMAT shortHey all, I'm currently up negligibly on my AMAT short. Along with SMH, I've been short on this name for the longest period of time out of any of the positions in my portfolio- I filled short when this thing hit 108 for the first time on the rally it is seeing. That being said, this is about as incredible a short setup as I've ever seen. I firmly believe this thing will virtually straight line down to $72/share. Even if that isn't the case, the risk:reward on this name is incredible, even here, down a few percent from the highs of this rally. I'm extraordinarily bearish on semiconductors currently; the names across the board look terrible, and as a very cyclically-sensitive sector, I believe they are primed to fall, a lot.
AMATter of timeHey all, I've been calling for a rally these last few weeks, and the rally has occurred. I am now looking to enter short with heavy size tomorrow, 7/29. AMAT is one of my favorite shorts- it has made a very clean Wyckoff distribution at the top, and has virtually no support until $70. I am incredibly bearish on semiconductors here, and AMAT is my favorite of the names to short. Favorable risk, favorable reward, with many safety net levels to hide behind if this rally does somehow, miraculously continue.
Applied Materials on the way down - AMATLong term chart here, logarithmically scaled to account for the long time span. As you can see, it's at the top of the channel and after the horrific week it just had I think that's the catalyst for a trip back down in the channel. It just broke below the 50 SMA. Top of channel + 20% down week + 50 SMA breach + macro market headwinds = down.
Head and Shoulders//Double BottomPrice is below the neckline.
It is often a good idea to wait for at least one retest of the neckline to be sure it formed resistance.
The neckline is strong support before it is broken.
No recommendation.
Short is low at 1.28%/Ratio is 1.3
Earnings 8-18
AMAT - Cup and Handle ContinuationAMAT has formed a large cup structure above the dominant Up trend in green
From this cup we can assume a handle will follow
Price once finished this formation acts bullishly and will continue upwards above the green trend line
$AMAT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $AMAT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
Short scalp $AMATBased on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF $AMAT breaches yesterday's low of $111.86 during today's session.
4/17/22 AMATApplied Materials, Inc. ( NASDAQ:AMAT )
Sector: Producer Manufacturing (Industrial Machinery)
Market Capitalization: 100.142B
Current Price: $113.36
Breakdown price: $114.50
Sell Zone (Top/Bottom Range): $125.60-$136.95
Price Target: $97.20-$94.80 (4th)
Estimated Duration to Target: 40-44d (4th)
Contract of Interest: $AMAT 5/20/22 110p
Trade price as of publish date: $4.95/contract
Short Idea: $AMAT1) I expect a momentaneous recovery in the week. Why? The stock market never goes directly to 0, the price always fluctuates and moves in waves (ups and downs), but the overall trend prevails. Also, sellers will take profits on the way down, causing a small recovery. That being said, I will start adding 15% of my total capital for this trade (Risk Management).
2) Once the stock resumes the trend I will add 25% at the breakout of the first trade.
3) 3% down since 2), I will add 40% as the trend, once again, is confirmed.
4) Last but not least, I will add the last 20% after a 4% drop since 2) happened.
Average price around $115, take profit $91, total profit 21%.
All ideas are welcome! Thanks for your time!
AMATT Just pulled a nasty kiss of death i a rising wedge breakdown. Watch out if that recent low floor falls out, this could be a great short add if we lose this low of 118.80 and flip it to reiatnce !!
$AMAT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AMAT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
Applied Materials looking bearish. AMATImmediate targets 124, 112. Invalidation 195.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
AMAT Big resistance above, earnings upcomingLooks bad on Daily, Downtrending RSI, peaked Accumulation, negative 21 day slope, piled on shorts. Much resistance above. Earnings up shortly. It is a good stock, it sits right on an upward sloping 52 week Exponential moving average, so I will buy one day. Now is not the time.
AMAT LONG Amat sell from 165 region met the target at 124. we are lookin to buy amat from 130 given the price action.
stay tuned.
Zooming on Applied Materials. AMATGoing strong on this upgoing zigzag, and it looks like just a little bit more to go to hit our sole (just one) taget here. Never squeeze, rush or get greedy with the market. It is a beast with a mind of its own, and can be more cruel and unforgiving than any human opponent. This entity has no remorse, reason and it does not forgive impatience. Stay safe.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
