Chart shows reversal has started. Might want to wait for confirmation. But I started a long trade (475-515). Long term position held for decade.
The last two long breakouts followed a spike in the RSI. The RSI spike this week. Maybe next week we will get the long breakout call.
Applied materials is a provider of equipment and services to chip maker’s. Chip are in high demand. Applied had good earning that will likely generate upgrades. $100 by eoy IMO
News on cancer. ir.intelliatx.com Continued to run after public offering ir.intelliatx.com Nov started treating in clinical trial. ir.intelliatx.com Expanded collaboration with regeneron. ir.intelliatx.com Business Seems to be firing on all cylinders. Technically looks over extended.
Looking at long term trends. Old breakout finished with multi year consolidation. New breakout started with all time high. Will this new breakout hold?
Trend slowly moved to 0. Recently broke down below 0. Previous high acting as support 50 day support broken. Few more days to confirm if breakout failed.
Used the pitch fork tool to determine when the current trend would align with the new analyst target of 750. First time using tool. Please provide feedback.
If clears resistance could hit analysts target.