AP2 trade ideas
AMATI'm trading up an down the wedge here. Well only up because I use Robinhood. But this one is fairly simple. Maybe it will breakout, up or down.
Meanwhile trading in the wedge.
LONG AMATAmat has been on consistent rise since its falls a few days ago! I think the momentum can continue as the chips in general are strong and the charts are OK.
The options (calls) expiring next week are cheap as well.
I might get into this if there is a pull back!
AMAT - Buy the post-earnings dipThe fundamentals:
Another quarter of solid growth for Applied Materials, who provide equipment used in semiconductor fabrication. While investors cheer on (the now overbought) MU, AMAT also has room to grow. Even if growth appears to be slowing, this dip puts it at a good price.
The technicals:
RSI(15) is just under 50, meaning it is neither overbought nor oversold. The current price is also in the bottom half of the Bollinger Bands. EMA50 has been decreasing for the past 2 months, but remains above EMA200. Implied volatility (IV30) is around 30% for options.
The play:
Long under $52, targetting $58. Buying calls can be a good play while volatility is relatively low. You can also sell covered calls
LONG $AMATEven though AMAT recently missed earnings this quarter and received a sell recommendation by many analysts, I see this as a good buy opportunity. We have seen steady upward growth from AMAT and they've had pretty unusual volume when it comes to recent earning plays. I see consistent support in these troughs, the RSI is recovering and believe this stock will bounce back in a big way the next couple months. Something I am personally holding in my portfolio.
At this price AMAT is very ineterestingTriangle is in process and all fundamentals are showing that the upside will prevail. Next target 60.
AMAT Gap Down on Guidance - Right Down to Strong Support. . .Applied Materials fell hard on guidance today. Did AMAT stock get put on clearance sale with the drop?
Whether or not the stock deserved to fall almost double-digit percentages on the day is subject to debate, but the important thing is it fell to a very strong support level - and the tech story continues to look good.
Thank you for for lending me your attention!
AMAT provides equipment and support for chipmakers. There are several reasons why chipmakers are going to see robust business in the coming months and years - AI, automation, blockchain, I.o.T, data, etc. - meaning Applied Materials' customer base is ready and willing to do robust business with the company. As the automation and data gold rush continues, AMAT's customers will be buying more and more equipment and services.
There's also the 5G wildcard - while slow adoption of 5G technology doesn't necessarily hurt AMAT's business, a 5G tech connectivity boom would be a great boon to AMAT's prospects.
The technicals are as good a story as the fundamentals. Applied Materials fell from the low\mid $50's to close around $49.50 (down a little more than 8%) on 5/18. Looking back on the chart, we can see that the $48 area provides a strong support floor. AMAT approached that support zone intraday as selling momentum pushed price lower during the early trading hours - and selling pressure as well as lackadaisical summer trading may see price through to lower levels in the coming week or two - but Applied Mat'ls miss on expected guidance doesn't change the overall situation of the company or the tech sector.
Gaps like these tend to fill. Look for price to trend higher as tech remains strong and the chip manufacturers continue to buy products and services from AMAT, and as traders take advantage of the early Memorial Day sale price of Applied Materials' stock.
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Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes only - good luck! **
Short AMAT - Two areas of interestAnalysis on AMAT , Two areas of interest mentioned on the chart
First -
Short @ $54.58
Stop Loss - $55.46
Profit - Target 1 - $52.53 , Target 2 - $51.55
Breakeven - When price move to 53.50, SL to be changed to Entry Price
Very fine materials, i believe this company could go to the moonWhat i want to see, Consolidation 3-4 months , then a breakdown to 45 $ then i go long ! might be a good for end of the year
AMAT, bearish flag?bearish flag formed along with daily high of ~52 meeting prior common resistance/support price. maybe it will drop further
not a financial advise
AMAT one to consider longHas bettered its high from 2000 (57.50) recently and now just below it. I favor it likely soon be back above it and have gone long. Could use current short term uptrend line as a stop. If it happens we could see major % gain long term. Process your way.
Also see excellent chart by Alex_Quiroga
www.tradingview.com
seekingalpha.com
AMAT Double Bottom breakout!AMAT is now facing resistance after completing the second triangle of the double bottom. It is currently trading on good volume which could represent a breakout towards $58 mark. As you can see each bottom took roughly 6 days to complete, which gives me reason to believe we can see at least a 4% increase over the next 7 days.
AMAT with an 6-8% upside. Semiconductors are HOT!An inverse head and shoulders pattern is developing which could reach neck line by tomorrow. At that point we can expect a breakout initially to 61, with a retrace back to the original neckline and then to a target of 64.5, at which point i would sell. There is significant resistance at the 59 mark. I would not expect a breach below that level. This is an 6-8% upside from current levels with potential to be reached by 3/30
My Poor Abandoned Baby :(AMAT looking for continuation ...if Trump shuts his mouth or breaks a couple of fingers playing golf.
The last PushJust in time, the levels show patterns that indicate that it still have more to give.
This was a pretty quick change of mind. I reach to cancel the previous publication where i was short in this pair. When I analyzed the chart on a smaller scale, I discovered something interesting. I was tracing the angle from the wrong point.
Long up to 73.
Best wishes to all
Next leg up - Semi moving higherBoth Mu and AMAT seem to be trying to move higher right now. MU has started its run slightly before AMAT.
AMAT trades at fair valuations. EV/EBITDA is at 12.85. PEG ratio is at 0.7. With great growth I feel as thou I am not paying too much at these prices.
We could have a retest of fake out here. I plan to take a position. I should of already taken a pier 1 position, but as usual I become trigger shy after a string of losing trades.
Nice ATH BreakoutConsidering getting in if we have a pullback, or looking for entry on smaller frame.
Applied Materials Another unpublished ideaI had posted this to my personal page.
I had seen this double pattern happen a few times going back.
I ended up missing the bottom by a bit but feel I still got in at a good spot.
(*Note this was my first ever stock purchase)
Since the run up has happened quicker than expected I am not sure what to think.
It would seem another small correction is coming like in the circle.
After that another strong uptrend.
I will try to update with a new trend after some more data.
I see great potential with AMAT and feel its a good long term investment.
AMAT is breaking out from ABCD triangle.. AMAT seems like rebounding.
+Breakout from Triangle pattern.
+Price break and move above EMA20 & EMA50
-But volume is not significant
+ Buy signal appears on Bollinger Band
+ Force index turned +ve - Bull gaining momentum
+ Oscillator suggest selling is overdone (oversold)
Suggest partial buy.
