Looks like a successful break of inverse H&S neckline. Target of $151. DYOR and trade at own risk
An up channel is evident which I think will continue with strong bullish runs. I have used my pattern counting method to show the pattern I am looking at. Corresponding points in 1,2,3
AMAT is just below the daily Balance Line, and just above the weekly Balance Line. Price crossed a couple days ago the last daily fractal and tested the Balance Line and failed to cross it. This presents a good entry opportinuty. The weekly presents good accumulated energy to be used in a down move. Stop loss is price closing above the Balance Line (red)....
Reasons: above all moving averages broke the horizontal resistance bullish seasonality
Dont have a timeframe but it will fail the channel, revisit it, then fail it and break down. It can keep this up channel going for a year, two, or a few months. But look out for the second break
$AMAT has a beautiful IH&S on the chart right now. Neckline at $110, which were currently building support above. The low was $70, so the measured move would be to the $140/$150 area. has been consolidating sideways for a while lagging behind other chips like $NVDA & $AMD, expect it to catch up soon..
Breakout imminent. looking to go short after the rising wedge breakout
- AMAT is in a rising trend channel in the short term. - AMAT has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 119. - Further rise to 128 or more is signaled. - AMAT has support at 110 and resistance at 124. - Overall assessed as technically positive for the short term. *EP: Enter Price, SL:...
My strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
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 75%.
It seems there is a goof opportunity to go long on AMAT at this price.
AMAT is a strong company, clean financials, legacy business entrenchment (moat) and plenty of upside potential. However buying today is not favorable risk-reward, wait a few months to see if 2023 gives another ideal buying opportunity Sector: Producer Manufacturing Industry: Industrial Machinery Applied Materials, Inc. provides manufacturing equipment,...
Signs of uptrend - Candles challenging MA 200 (neutral) - Expectation of Line C (1:1 of line B) is not met - weak downtrend - New higher high being formed (dotted line) - downtrend breached Waiting between $80 to $90 to enter, where more volume are being traded.
BULL FLAG forming with a 8-10% potential gain over the next couple of weeks
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 71.43%.
AMAT daily bearish hammer at MA 100 beware of earnings
A level to watch and think about on AMAT. I am surprised AMAT made it this high, but I am quite confident it makes it no higher. I expect stocks to fall on CPI, I think semis will fall especially. Even if they don't, I'd watch this level on AMAT; I'm not sure it revisits it- I think the top is in. Make of it what you will. This is as good as it gets; I think...