Potential Long AMATTime to revisit $AMAT, after this nice pullback we might encounter a nice entry around the lower $90s with a potential move back into the $102s-104s. Weight your own risk when taking this trades.
4AMAT trade ideas
Just an ideaShort: RSI has reached over bought (around 70) could sell of a little. Stochastics reached over bought and a sell signal. Early sell (might be risky): Price dropped below the SMA 3 (but didnt close below) (possible short)
Long: Price might dip a little so buy there. MACD is still looking bullish. SMA 3, 6 ,9 still looking bullish. If price is still above SMA 3 on monday is possiible buy still.
Fundaments are good: EPS this year: up 38.2%, EPS Q/Q: up 63.8%, Sales Q/Q: up 24.9%, Gross margin: up 44.7%, Forward P/E is down to 19.19 looking good. ROA: up 17%, ROE: Up 38.3%, ROI: up 23.8%.
"Technicals": Buy the possible dip. SMA 3, 6, 9 and MACD still look bullish. RSI and Stochatics have sell signal. Above SMA 20 , 50, and 200.
Amat catch-up to previous trend.Applied materials is a provider of equipment and services to chip maker’s. Chip are in high demand.
Applied had good earning that will likely generate upgrades.
$100 by eoy IMO
AMAT SnapbackAMAT is on its fourth consecutive green day, pushing over the upper bollinger band and becoming over bought being above 90 on stochastics. I 'm expecting a pullback back to the original breakout level at the 90 range.
It's just a matter of time - AMAT for a long playApplied materials belongs to the technology industry, is engaged in the manufacture and marketing of systems and equipment for testing and processing for the semiconductor industry. Looks good for or further upward movement , in the last two months showed strong movement and rose about 50% and also recently received an upgrade, presented a strong financial report in the fourth quarter with revenues rising by 25.1% to 4.69 billion and expecting continued growth for 2021.
Technically,
⚡️ The RSI isn’t in over-buying area, which indicates a place for upward movement,
⚡️ moving averages support the said direction - now trades above the moving average 20.
⚡️ As for bollinger bands - it trades in the baseline area so that there is room for upward movement.
⚡️ Attention: MACD is still bearish and presents an uncertain picture - this should be taken into account..
It may continue to trade in the range of 83-88 before breaking the aforementioned level, trading entry of trades should be monitored alongside a windfall from the market.
Earnings: on February 18
All of the above at your discretion, trading rules accepted by you, trading strategies and transaction management under your preferences.
AMAT call buy 90 July 16 2021 cmp:88.05 sl:88 4 Dec premium: 9AMAT call buy 90 July 16 2021
cmp:88.05 sl:88 4 Dec premium: 960
Applied Materials: time go to short AMAT oversold to other semiconductors, time to go short or wait for good entrance
Sell Signal: 77.39Ingenuity Trading Model-
Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement.
$AMAT with a projected neutral outlook after earningsWith a Positive under reaction following its earnings, $AMAT it projected to have a neutral outlook with the PEAD placing the stock in Drift A.
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Symmetrical TriangleSymmetrical Triangle can go either way
Looks like this one chose up
Triangles can be best described as horizontal trading patterns. At the start of its formation, the triangle is at its widest point. As the market continues to trade in a sideways pattern, the range of trading narrows and the point of the triangle is formed. In its simplest form, the triangle shows losing interest in an issue, both from the buy-side as well as the sell-side: the supply line diminishes to meet the demand.
Just an observation
Happy Trading
AMAT on watchSuper nice close on the day. It has tested this level a few time and been rejected hard so it needs a clean
break on volume. Itwill probably need a pull back and few runs to get through. If it does break the high it has good upside potential.
AMAT Long Breakout IdeaAMAT is attempting to break above 70 for the 3rd time. Looking for a 5 point move to 75. Stop below 69.
