AMAT trade ideas
AMAT Head & Shoulders Formation w/TargetNot much to see here; Plain and simple trading with a minimum expected movement from a Head & Shoulders.
Lots of negative news coming out about this company, but it isn't moving the price as much as it used to.
With the general market being bearish on tech, and lot of bad news coming out that isn't moving prices, this could is a good long opportunity w/confirmation of price movement.
Will be taking a short term $40 call option upon break of the $36 level, cutting losses if it goes below $35 again. Super short term.
New Strategy. Looking for Good dividend paying stocks on top of my oversold stocks that have been performing well this year but have pulled back to the 200day ema. If you look at the weekly charts instead of the daily, it is possible that this stock could fall into the 30$ range. Up potential of 40% with dividends to collect.
