AMAT trade ideas
1/16/22 AMATApplied Materials, Inc. ( NASDAQ:AMAT )
Sector: Producer Manufacturing (Industrial Machinery)
Market Capitalization: 148.382B
Current Price: $167.00
Breakout price: $167.00
Buy Zone (Top/Bottom Range): $158.80-$152.40
Price Target: $196.20-$199.40 (3rd)
Estimated Duration to Target: 146-150d (3rd)
Contract of Interest: $AMAT 6/17/22 210c
Trade price as of publish date: $4.35/contract
I will be a buyerI will enter a long if the indexes hold green next week. Looks great with a breakout in Wave 3.
$AMAT — SHORTFib .50 and gap fill target to the downside; I just played AMAT calls and sold for +600% so I am trying to double whammy.
Applied Materials Is Fighting HigherTechnology stocks have struggled this week as interest rates rise. However, the selling has mostly targeted classic “growth stocks” like high-multiple software makers. Some of the more cyclical hardware/equipment names have fared better -- including Applied Materials.
AMAT more than doubled between November 2020 and April 2021. It spent the next half a year consolidating those gains. Prices tested and held their 200-day simple moving average (SMA) in October, followed by a new breakout in early November.
Notice how the stock then came down to test the old highs around $145. Buyers quickly stepped in, turning old resistance into new support.
Next, AMAT has made higher lows along its rising 50-day SMA and is now back above its 21-day exponential moving average (EMA).
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Bullish Flag pattern AMAT is forming the bullish flag pattern
Wait for the wedge break out for long.
$AMAT may be on another leg upLooks like it's moving away from that 6 week second base this year. Looking at 30 days horizon...
Target: $180
SL: $159.21
AMAT NEW ATH BreakoutAMAT made a new All Time Highs and had a big breakout yesterday
I don't normally trade small bases but the price action is so strong in this case
Closed at high of the day
200 DMA holding dips
Momentum is strong should see continuation form here
$AMAT - Caught at the Supply Zone$AMAT has been trading within this channel for nearly the past year before breaking out to the upside.
It's since come back to retest it's upper resistance, which should now act as support. Given that it holds, we should have a wonderful long entry into a potential 15 point trade!
$AMAT - Calls > 156 | Puts < 145$AMAT - Calls > 156 | Puts < 145
- Weekly channel break out & consolidating at retest level
- Weekly Inside bar
- Weekly levels posted in chart
AMAT going bunkers !Nice breakout today on volume.
Watching above today's high for a push towards next resistance (left)
beautiful retest + bounce 🦉amat saw a successful retest an bounce off previous resistance and now approaching all time highs highs quickly!
once 159 breaks i expect 2-4 months of green at the minimum if history repeats itself.
price targets are172-4-188.13-203.82
Retest after breakout | AMAT
Today we will take a look at AMAT. What are the main technical elements can we see here?
- First, we have the 200 days main structure that the price broke on November
- After the breakout, we observed a retest (typical behavior after a structure of this size are broken)
- Now, we are ready to define a level where I will consider that this chart configuration has upside potential towards the 2nd fibo extension or the higher trendline of the channel.
- IF the price makes a new ATH, I will consider that confirmation for the bullish view. Invalidation level will be below the retest
- IF everything goes as expected, I think we may see a movement with a duration of 100 to 150 days towards the target.
What are the odds of this view being right? I would say between 45% to 50%.
Are you trading this setup? No, I'm not trading this setup; currently, I'm exposed to the max amount of open positions my system allows me. However, I think this is a solid scenario from a technical perspective; the expected risk to reward ratio is about 2. As I mentioned before, the odds of this movement happening based on this type of formation are between 45% to 50%. (All you need to create an edge on the market)
What happens if the price never reaches the activation level and keeps falling? You simply cancel your view.
What happens if the prices reach the entry-level and then go straight to my stop loss? You simply absorb a stop. That's why it is essential to manage risk and define a % on each setup you will take; my risk management goes between 1% to 3%.
Thanks for reading! Feel free to share your chars and view them in the comments.
AmatBought a bunch of Amat sound 142.12$. In going to contiue to buy these dips as I feel strongly this flag breakout is going to rip hard when this correction is done. She’s holding up phenominal after consolidating under the 2.618 fib. Ready to contiue up soon!!
lovely setup 🚀hello traders lets take a look at AMAT today! don't forget to like and follow if you enjoy my analysis!
If we study the recent price action, amat has a history of long consolidation followed by a nice rally! If history repeats itself here we could be looking at 4 months of straight green for AMAT! Remember nothing is guaranteed but the stock market has a history of repeating its own history!
price targets are 183.41-213.53-243.65, goodluck !💘
$AMAT - Perfect Uptrend Flag Pattern and PullbackAfter 6 Months accumulation in flag pattern, Price started to go higher with sufficient volume. Pull back to resistance zone is good sign for going more higher level.
$AMATTesting this strategy and tools here on $AMAT... breakout to ATH's... entry above breakout - ride to target or higher...S/L below breakout.
MACD and RSI suggesting a pull back first...hopefully above the S/L.
NASDAQ:AMAT
$AMAT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $AMAT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
AMAT, A rising stock! many chances for traders and investors!AMAT made a new ATH yesterday which confirmed completion of a correction and going up to new highs.
AMAT is clearly in up going wave cycles. It offers many chances for both short term traders and long term investors /share holders. How far it goes higher? lets follow the analysis !
As shown on the chart AMAT currently is completing wave v (in circle) of a larger degree wave 3 which probably can push the price up to around 180 USD. Then correction of shown wave 4 will start which can push price back to 130-150 zone. Another actionary wave up to above 200 USD will complete an Elliott wave cycle which means considerable correction start after this cycle completion.
It is worth to note this mentioned complete cycle can be just wave 3 of 3 a two larger degree cycle which means we may see unbelievable targets for AMAT or we may have just an extended wave 5 ! Should it need any update we can do it later.
Wish you huge profits my friend .
