AMAT possible BUY opportunityAfter successful GOOG and CRM buy, my eyes are on AMAT stock- Applied Materials INC. Company operating in Technology sector. Stock price is currently consolidating in a $110.16 to $125.65 price range, forming a valid price Box. Box in price stock has become well known from Nicholas Darvas epic book called "How I made $2.000.000 in the stock market".
Things to consider:
1. This price range is good and the main reason for it is that the price is currently sitting above 200SMA on Daily level, and on Weekly as well.
2. Price is currently trying to break above 50SMA level on Daily, sitting at $116.52. If price manages to break the 50SMA level, I am consider buying couple of shares just to be in the game.
3. The best buy situation for me personally would be the break above price level sitting at $125.6 level and that will be my safe buy zone.
4. Of course, nothing is certain in markets, especially now, so my Stop Loss level will be sitting at $115.8 which is if you look at the chart now just below the 50SMA line on the Daily levels.
5. $125.6 price level is at the moment acting as big resistance level for the price, this is why I will consider the break above that level as safe buy zone.
6. If my order gets triggered I will be looking at $145.36 level as potential add to position/close with profit area. Depending on what the market does, my action will be following the overall market.
Just for everyone's thoughts, this is not financial advice and I am not a financial advisor, please do your Due Diligence before investing your hard earned cash.
AMAT trade ideas
Short AMAT @ 113.49 Breakout FractalAMAT 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). Target is whenever the trend ends, which is also signaled by price closing above the Balance Line.
$AMAT Inverse Head & Shoulders$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..
AMAT -Rising Trend Channel [SHORT TERM]- 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: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
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AMAT -ter of Time for this Value Industrial Blue ChipAMAT 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, services and software to the semiconductor, display and related industries. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display & Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The Applied Global Services segment provides solutions to optimize equipment, performance, and productivity. The Display & Adjacent Markets segment offers products for manufacturing liquid crystal displays, organic light-emitting diodes, equipment upgrades, and other display technologies for TVs, monitors, laptops, personal computers, smart phones, and other consumer-oriented devices. The company was founded on November 10, 1967 and is headquartered in Santa Clara, CA.
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A level to short off of on AMATA 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 this thing breaks new lows in November or early December
Applied Materials: Another Lower High?Applied Materials has recently bounced along with other technology stocks. But some trend followers may look for it to roll over.
The first pattern on today’s chart is the line running along the highs of January and August. The chip-equipment stock is approaching that potential resistance area. Will it roll over again?
The most recent price action may have already answered that question. After all, Wednesday’s peak was $0.06 below its monthly high from October 6. The S&P 500, in contrast, made new highs last week versus earlier in the month. That may reflect a lack of relative strength.
Third, AMAT has been stalling at its 50-day simple moving average (SMA). Is the intermediate-term downtrend still in effect?
Finally, stochastics are back to an overbought condition.
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