$AMAT bearish divergence NASDAQ:AMAT has a good run and looking extended with RSI and price showing divergent pattern. Bearish! SHORT!
AMAT trade ideas
price breakout at 153currently weve got significant bullish momentum within the electronic technology stock sectors and as such APPLIED MATERIALS should continue to benefit from the current upside this sector is receiving. Current price action is on its way to 170-175 and most likely will break those ranges based on current buying momentum that it received within the low 160 range. Price is above the ichimoku cloud with a green bullish candle currently ending the week, and as we look to the left weve got consecutive buying volume as shown to the bottom left in green. The price is over the 30 day moving average and has cleared the 9 day moving average signalling further bullish sentiment, the macd and signal line are progressingly leading to the upside. The next price resistance would be around 168.16 which it failed to do so on jan 02 2024, even with the bullish flat pattern forming on the four hour as shown to the left starting around the low 140s.
AMATApplied Materials is the global leader in nano manufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and energy efficient glass.
Strength below range highs.
AMAT short positionHi traders,
let's take a look at AMAT chart.
On chart are shown resistance and support lines.
If the prices reaches the resistance line, you can take short position.
Entry price, target and the stop loss are shown on the chart.
AMAT - 5 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Possible Iv H&S on AMATThere is an In H&S possibly forming on AMAT. The target is around the .786 fib retracement to ATH.
AMAT BottomingNothing special here but AMAT is struggling the fifth day with the current level.
Of course this may be a consolidation level. Therefore a bet on an upward correction must be combined with a tight stop.
Support HeldThe end September low has just held. Due to the steep decline last days I can imagine an attempt to test the highs of past week again.
AMAT Potential Selling OpportunityThe U.S. Department of Commerce announced Tuesday that it plans to prevent the sale of more advanced artificial intelligence chips to China in the coming weeks. The U.S. government says the new rules are intended to close loopholes that popped up after last year's restrictions on AI chip exports went into effect.
If the U.S. restricts or closes the leeway that allows Chinese companies to access American AI chips, it can disrupt the global semiconductor supply chain. Applied Materials is a key player in providing equipment and technology for semiconductor manufacturing.
A disruption in the supply chain or reduced demand from Chinese customers could negatively impact their revenue and stock price.
Cycle Sniper is about to send the sell signal on the weekly chart.
After a potential breakdown of the ascending trendline and closing below 130 $ , stock price may go to 122 $ and 110 $
Good Luck
$Amat met all the criteria to keep going up✅Created demand zone below
✅Retested that zone
✅Crossed above the resistance
I am bullish on this. Target is 155.46 and stop loss closing below 141.20
The goal of reducing 60$According to the Butterfly pattern, the Fibo perfectly converges the decline to the target of $ 60. We also go down the channel where the lower border of the channel will be. All 3 parameters should be added together. We should reach it by May 2024, there will be a great point for going to long.
AMAT Applied Materials Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AMAT Applied Materials prior to the earnings report this week,
I would consider purchasing the 130usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $6.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
$AMAT - Are we there yet?NASDAQ:AMAT - A great company with a great future.
The weekly chart suggest a measured move at play to $167.xx and change.
The move coincides with a Double Top as well. So a question remains - are we there yet? Well time will tell!
AMAT Entry, Volume, Target, StopWhen price clears: Safest: 132.06 Riskier: 128.32
With average daily volume.
Target: 140.50 area
Stop: Depending on your risk tolerance; 124.28 gets you 3/1 Risk/Reward from 128.32, 129.25 gets you 3/1 Risk/Reward from 132.06.
This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
$AMAT with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NASDAQ:AMAT after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 85.71%.
breakout watch target $170I'm interested because of the potential AI and Nanotechnology aspects. It provides chip manufacturing equipment and more services. Looking at the set up, I see multiple moving avg set to cross the weekly spike level
AmatThis one has been a sweet trade for me. I didn’t get to post about it. Howver curently we are on a breakout of an uptrend channel. We are in a smaller correction 138 is big support of this potential smaller flagging considlation. If 138 breaks down I’d be buying the dip arpund 136 as a beck test of the channel breakout. If we pop 143 and hold as support then another leg up should contiue. I’m remaining bullish on Amat. Dips should be bought as long as we are above 133
AMAT Entry, Volume, Target, StopEntry: when price clears 138.80
Volume: with daily volume greater than 7.76M
Target: 149 area
Stop: Depending on your risk tolerance; 135.41 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Bullish Flat#AMAT possible B wave overthrow I would wait to see if this plays out to be flat and then I am long.
Massive Breakout with the Arrival of the Golden Cross - AMATThis is a once in a lifetime opportunity to buy Applied Materials, a wide moat semiconductor industry stock which is undervalued. The stock is now ready for a massive breakout!
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 ,,, Buy opportunity Uptrend
Its passed a major price level and ready for getting another target at about 168
As always do not forget setting SL at a sure place.
