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swara7kadir

$AMAT strong chart for Day or Swing Trading Go !

Long
Applied Materials, Inc. (NASDAQ:AMAT)  
swara7kadir Updated   
NASDAQ:AMAT   Applied Materials, Inc.
Support and Resistance Trend Lines
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supportandresistance trendline
There has been some positive earnings news on AMAT and got some premarket volume on today Friday the 16th. if you look at the daily chart you will see that its respecting the ascending support Trendline (blue). Currently its below the 20 daily EMA it needs to get above it and hold for me to go Long on it. It has open space from the 20 Daily EMA at 47.50 until around 52.50. The market needs to be in favour in order to propel it upwards.
Comment:
As predicted since August, the stock has gone from strength to strength, refusing to come down despite the current bearish market !
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