Key facts today
AMAT bullish breakoutAMAT is has just borken a long term bearish trend and it looks like its on its way to recovery
This breakout can be a fakeout so lets wait till it breaks above 200 EMA and that will be confirmation of the reversal
Check on Daily and Weekly
Entry at 200 + would be great as it will confirm the
Applied Materials Inc. Technical and Fundamental Aspects.Applied Materials, Inc. is an American corporation that supplies equipment, services and software for the manufacture of semiconductor (integrated circuit) chips for electronics, flat panel displays for computers, smartphones, televisions, and solar products.
The company also supplies equipment to p
Bullish Shark PatternI did a post on this before, but I am reposting because it got a confirmation back-test double-bottom. This is especially good because the local low backtested the high from January 2022. The shark harmonic with a 1.13 fib retrace.
Downtrends Finding Support for the Next Uptrend: AMAT ExampleNASDAQ:AMAT was over-speculated in 2023 and then had a top formation that trended down starting in July 2024. This is still considered technically to be an intermediate-term trend correction. The selling started at an all-time high.
HFTs are constantly in the mix, selling down. However, the shif
AMAT volume gap fill to 185AMAT volume gap fill to 185, there is no volume till 185 and that should fill. also at 185 there is a POC for volume profile which is is critical resistance.
Right place, right timeWe are at the right place and right time, buyers showed their hand at 167~168, if we can hold it here, we can easily take this thing back to 200~210 in 6 to 8 weeks.
AMAT finding a bottom?I like that the price it has pulled back to coincides with the previous high in Jan, '22, which became resistance in Dec '23, and that the 0.50 Fibo retracement is in the same area. It needs to hold and find support here. If so, the next leg up should be ~75-100%?
Bullish Shark PatternThis is especially good because the local low backtested the high from January 2022. The shark harmonic with a 1.13 fib retrace at the backtest but no confirmation double bottom, instead it formed some sort of three rising valley.
AMAT Oversold to 138 ?RSI Oversold (Under 35)
Consistent demand for Semis Expected
128 -> 138 Ranging
PT: $138
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Displays a symbol's price movements over previous years to identify recurring trends.
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