1AMAT trade ideas
MARKET ALPHA WATCHLIST - AMATOption Alert
Symbol: NASDAQ:AMAT
Type: Call
Strike: $155
Expiration: 8/20/21
Indicators
Laguerre RSI
Multi-Time Frame EMA x2
Comments...
Large call option came in for AMAT and decided to check out the technicals.
This buyer decided to place a massive bet on this stock rising higher buying way out of the money calls. The technicals show this may be a good time to purchase this price because we are coming into heavy support but it seems unlikely we would reach the price by expiration.
Semiconductors Taking Their Sweet Time Breaking Out Semiconductors are anticipated to rally this week. Consolidation is taking its sweet time. Bull flag forming.
Quick chart up and we're looking bullish in my opinion. I'm expecting a market crash after some of these rallies finish up, so I am short and really watching this week how growth, tech, semiconductors play out.
NASDAQ:AMAT
Please note: I am not a financial advisor; these are my opinions only.
$AMAT Working on a Breakout?Looks like $AMAT is putting in some very constructive action right around this area of support / resistance (vertical line). I have an alert just over the recent daily high at $140.95. I'll look to open a 1/2 position at that point with a stop just under the area of new support. I like this type of entry as I'll know very quickly if the idea works or not. If not, I'll take a small loss. All TBD.
$AMAT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AMAT after a Negative Under reaction following its earnings release placing the stock in drift D
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Long $AMAT This is a chart of $AMAT on a 4hr candlestick with a Fib Retracement too and the TradingView "Long Position" tool. As you can see, AMAT has just broken out of a pennant. I would wait for a pullback to the $130 level to add shares. If it goes to $125, I will add to my position. Keeping stops tight due to the uncertainty of this choppy and fearful market, I would set it at about the $121 mark right where a Fib line is. This analysis tells me $AMAT may be $171, which would be my PT level for a very successful trade.
If I were to take a position of 10 shares, I would be adding 7@$130 and then 3@$125, which would be a CBPS of $128.5. If I would then be risking $7.5 per share to potentially make $42.5 per share. I liked what I saw from Applied Material's recent earnings report, I think there is good sentiment around this name, this is a name I would go long on.