$AMAT Applied Materials Long Into earnings
Potential long above $68.00
Upside breakout target $75.00
Stop loss $66.00
AMAT trade ideas
Applied Materials earnings previewOn Thursday, Applied Materials (AMAT), the global leader in materials engineering solutions for the semiconductor industry, is expected to post 3Q EPS of $0.94 compared to $0.74 last year on sales of $4.2B vs $3.6B a year ago. The stock has an expected move of 5.2% and dropped 4.4% after the last earnings release. The stock has 22 buys, 5 holds and 0 sell recommendations according to Bloomberg Consensus.
$AMAT possible bounceNice little "red to green" day on Friday
Price found support just above EMA50 and 23.6FibR ( move from Dec 18 lows)
Volume on Friday was double the 20MA VolAvg
Target 62s and then 64s
C&HEarnings estimated to be on 8-13 AMC Targets 81.9 89.5 95
Stop under handle Low
I own this but I do not recommend it.
Small rising wedge but has dipped past the bottom trendline of the rising wedge at 58 to 59(ish) Beware as it has just barely pierced bottom trend line 6 trading days ago. Was saved by handle low
The Handle Low can provide support. But we all know that support and resistance levels were made to be broken or everything would be ranging all of the time (o:
AMAT good momentum build $65 Target$AMAT Good looking stock building and setting up nicely. Target $65
AMAT SWING TRADING OPPORTUNITYRISING WEDGE AND PRICE ACTION SETUP.
BUY RANGE : $59.5 TO $61.5
STOP LOSS : $58.00
ENJOY YOUR TRADE!
AMAT 19% profit / Long trade 57.86 -> 69.00 / Stop Loss: 55.08Short-term trade idea for NASDAQ:AMAT .
Long trade 57.86 -> 69.00 / Stop Loss: 55.08 (use Trailing Stop with 2.79 below the market).
Profit: 19%, Risk: 4.75%, Risk ratio = 1/4 for all our ideas.
Size: no more 5% of the portfolio for all our ideas.
Idea trade based on patterns: Fibonacci 61.8%.
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AMAT MA MACD Histogram just turned positiveA buy signal is generated.This is a Bullish indicator signaling AMAT's price could rise from here. Traders may explore going long the stock or buying call options. I identified 40 similar cases where AMAT's MACD histogram became positive, and 34 of them led to successful outcomes. Odds of Success: 85%.
BUY APPLIED MATERIALSHey guys,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. APPLIED MATERIALS is at the end of its consolidation and stabilization zone, it can break from the bottom make a pull back to go breakout from its top.
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AMATBased on my analysis:
1. AMAT is at the price support level.
2. Supported by the last candle forming bullish engulfing, that price will rise.
3. Stochastic made golden cross
4. It is expected that AMAT will continue to rise to the level of 61 USD.
Syeikh Hafiz
Stock Market Analyst
AMAT doughAnalysis done on 25/05/2020
Fundamental
→ 20 & 40 SMA sloping up
→ 20MA > 40MA
Awaiting buy trigger
→ CCI <-100
→ Low of daily bar touches 20MA or goes below 20MA
→ Close above 40MA
Pull trigger
→ Buy 1 bid above previous day high
→ Sell 5 bars later exclusive of initial bar
Stop Loss
→ 50% below price bought
AMAT: Chip Giant Tries to Clear Bullish TriangleSeveral technology stocks have formed bullish triangles as they consolidate from the last few months’ of volatility. These include Microsoft , Salesforce.com and Mastercard – all playing out to the upside.
Today another appears on the list: Semiconductor-equipment firm Applied Materials .
AMAT has been trapped below its 200-day simple moving average (SMA) since mid-April. It’s also started making higher lows this month, resulting in an ascending triangle with the potential for a breakout to the upside.
The stock is also eclipsing its April highs now. That will likely trigger some alerts for momentum followers.
AMAT reported decent earnings on May 14. Given its central role in the chip space, it’s very much a play on semiconductors overall. If you’re a believer in the industry and not too worried about Trump and the Huawei threat, then you might want to check out AMAT as it attempts to clear this triangle.
AMAT call for earningFail to break Res zone, may show strong pullback. After all earning, surprise is there
