AMAT trade ideas
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 - Head fake, back down towards 124See chart attached - AMAT has reached the top of the falling wedge and in my opinion is not close enough to the apex and I would like to see a 3rd touch towards the bottom of this pattern.
$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.
Renewed MomentumWe saw an attempt to correct downward today but new money flew in and the momentum began to rise again.
AMAT - Not enough room to climbFundamental analysis may not always show what technical analysis shows...
AMAT making bullish run with MA Cross above 50MARetrace from last run shows this can reach 155 by end of Jun.
AMAT on watchWould like to see a pull back to the green box and then a push through the downward trend line. Targets would be the dotted lines. Not interested if price dropped below the green box.
$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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AMAT - From Deep pit to new heightsChip companies have recently experienced high volatility - but this seems to be the latest low. On Belay!
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.
collecting that baggood quarter, scarce product. June 4th $132 calls + shares post earning + x-div 🤙🏽
$AMAT Chart request Clean set up off 89 ema touch (daily), risk reward not there for me w current market conditions+
Guys i do this private clients via video or chart, if they ok it i share(delayed) , even if it helps 1 person, i will try to, 🙏
$AMAT Bull Flag SetupAnother semiconductor equipment leader setting up a bull flag trade setup after pulling back to its 50 MA. On focus list for this upcoming week.
Applied Materials Inc (AMAT)- MANUFACTURES DEPOSITION, INSPECTION AND ETCHING/CLEANING EQUIPMENT USED IN IC/FLAT PANEL DISPLAY FABRICATION.
