AP2 trade ideas
Applied Materials looking bearish. AMATImmediate targets 124, 112. Invalidation 195.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
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 $0.06 below its monthly high from October 6. The S&P 500, in contrast, made new highs last week versus earlier in the month. That may reflect a lack of relative strength.
Third, AMAT has been stalling at its 50-day simple moving average (SMA). Is the intermediate-term downtrend still in effect?
Finally, stochastics are back to an overbought condition.
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AMAT long on a day of underperformanceHey all, as of Friday, I've been very bullish and net long. I sized up my long bet by buying AMAT here. I think everything has room up, especially AMAT as it is up negligibly on a very strong day. Predicted move, soft SL, and pt's drawn out. I think this name actually gets higher than my drawn out move.
AMATT This flat support has been pretty strong. However although the bulls have a chance to create a nice double bottom, the daily candles are creating more of a Barash flag Currently we are breaking the support and what we want to see is a daily candle close below in flipped to the hourly chart And look for a WIC back test or a nice back test rejection that we can get a suite entry on a short position upon this flipping to resistance. 82.83-83$ is the support to watch and see if this flips to resitance
AMAT shortHey all, I'm currently up negligibly on my AMAT short. Along with SMH, I've been short on this name for the longest period of time out of any of the positions in my portfolio- I filled short when this thing hit 108 for the first time on the rally it is seeing. That being said, this is about as incredible a short setup as I've ever seen. I firmly believe this thing will virtually straight line down to $72/share. Even if that isn't the case, the risk:reward on this name is incredible, even here, down a few percent from the highs of this rally. I'm extraordinarily bearish on semiconductors currently; the names across the board look terrible, and as a very cyclically-sensitive sector, I believe they are primed to fall, a lot.
AMATter of timeHey all, I've been calling for a rally these last few weeks, and the rally has occurred. I am now looking to enter short with heavy size tomorrow, 7/29. AMAT is one of my favorite shorts- it has made a very clean Wyckoff distribution at the top, and has virtually no support until $70. I am incredibly bearish on semiconductors here, and AMAT is my favorite of the names to short. Favorable risk, favorable reward, with many safety net levels to hide behind if this rally does somehow, miraculously continue.
Applied Materials on the way down - AMATLong term chart here, logarithmically scaled to account for the long time span. As you can see, it's at the top of the channel and after the horrific week it just had I think that's the catalyst for a trip back down in the channel. It just broke below the 50 SMA. Top of channel + 20% down week + 50 SMA breach + macro market headwinds = down.
4/17/22 AMATApplied Materials, Inc. ( NASDAQ:AMAT )
Sector: Producer Manufacturing (Industrial Machinery)
Market Capitalization: 100.142B
Current Price: $113.36
Breakdown price: $114.50
Sell Zone (Top/Bottom Range): $125.60-$136.95
Price Target: $97.20-$94.80 (4th)
Estimated Duration to Target: 40-44d (4th)
Contract of Interest: $AMAT 5/20/22 110p
Trade price as of publish date: $4.95/contract
Short Idea: $AMAT1) I expect a momentaneous recovery in the week. Why? The stock market never goes directly to 0, the price always fluctuates and moves in waves (ups and downs), but the overall trend prevails. Also, sellers will take profits on the way down, causing a small recovery. That being said, I will start adding 15% of my total capital for this trade (Risk Management).
2) Once the stock resumes the trend I will add 25% at the breakout of the first trade.
3) 3% down since 2), I will add 40% as the trend, once again, is confirmed.
4) Last but not least, I will add the last 20% after a 4% drop since 2) happened.
Average price around $115, take profit $91, total profit 21%.
All ideas are welcome! Thanks for your time!
