11/7/21 AMATApplied Materials, Inc. ( NASDAQ:AMAT )
Sector: Producer Manufacturing (Industrial Machinery)
Current Price: $153.29
Breakout price trigger: $146.00 (hold above)
Buy Zone (Top/Bottom Range): $149.50-$144.50
Price Target: $165.50-$169.00 (2nd)
Estimated Duration to Target: 45-47 (2nd)
Contract of Interest: $AMAT 12/17/21 160c, $AMAT 1/21/21 170c
Trade price as of publish date: $5.00/contract, $4.50/contract
AMAT trade ideas
End Of Accumulation - Extremely Bullish Effect On AMATAMAT exited the channel and is ready for a very strong, sharp movement upwards, that can, I am expecting a BUEC before it would start moving, if that wouldn’t appear, I won’t enter since the RRR would be to risky at that point, a very good technical that is worth following
AMAT, Long in the case of bullish reaction ! A new ATH ?Is AMAT going to show a bullish reaction to the strong support and make a new All Time High? Lets follow!
Price is clearly around dynamic short term trend line support . This is fourth time that price reaches to this support. Last three times it could push up the price successfully. Moreover, price is now exactly at 0.786 Retracement of last move up.
Stochastic indicator is near oversold zone. Please note that we had a nice move up whenever it has recently reached to this area.
In terms of Elliott waves , We may be at the start of wave 3 of 3. Possible wave count has been shown on the chart. If true, first target will be around 170 USD which corresponds to 1.618 projection of labeled wave 1. It may go higher. We can update it later. Wave 5 will certainly goes above 170 !.
Please notice the notes on the chart about the conditions which confirms or invalidates this analysis.
Although all evidences show that it is ready to make a new move up, we have to trade objectively. We set out stop loss carefully ( which is the last low shown on the chart) in the case of opening a long position.
We try to see the chances and find ideal setups but we always keep in mind that market is the one who choose the path and we are the one to follow. That is why I chose this title : " Long in the case of bullish reaction! "
Good luck my friends.
AMAT - BEARISH
ENTRY: On break below $128
SL: 136.60
PT 1 (trim level: Trim 50-70% here) - $115-$118
PT 2 (Closing position here) $100.75 - $105
Rectangle top and Major Wave 3 hitting 262% extension level. Needs much larger correction here on Wave 4. Most will this is a bull flag and it is, but based on 262% extension level, I favor a pull back here in wave 4 into green box area before new ATH's.
Key Ideas to trade big daily structures. Example on AMATI will keep this post short, so you can get a general idea of this trading style.
First of all , we have a situation where the price could not make a new ATH in 200 days. It's important to notice that we can draw a clear structure with well-defined limits because the price stayed in a clear range between 146 and 114
Now that the structure is clear, it is easy to know if we are observing a clear breakout or a fakeout, thanks to the limits we have drawn and the way the price has respected them.
So, how to proceed now? We ask this simple question. How many times can I find a similar situation like this in the past? Imagine we say four times. Ok, which is the sequence where the price goes from being inside the range towards a new bullish impulse?
Here is where technical analysis will help you create a map or sequence of movements to say, "Hey, there is a pattern here that I can wait." Once you have defined that, draw it in your chart.
In this case, my final filters are:
a) Wait for a new ATH (that's the confirmation that the structure has been broken)
b) Wait for a 2 to 4 weeks correction (that means that after the breakout, the price is not able to make a new ATH)
c) IF that happens, trade on the new ATH, with a stop loss below the 2 to 4 weeks correction and Take profit on the final Fibo extension
d) IF that doesn't happen, do not trade
e) Move the stop loss to the entry-level if the price reaches the first Fibo Extension.
f) Risk: We will use 2% of our capital on the stop loss.
g) Relax and Wait.
As you can see, this is a methodic way of developing a setup that provides a lot of control over your executions, and you can proceed based on a pre-established set of rules. This is extremely helpful to overcome emotions and bring consistency to your strategy.
Remember: Do not try to avoid a stop-loss; create procedures to control them. My win rate right now is 55% - 60%. That means that almost half of the time, I'm wrong; HOWEVER, when I'm right, I make more than 2 dollars of every dollar I'm risking. Trade like a casino!
Thanks for reading!
AMAT go ZOOOOOMAMAT is bound for a strong impulsive move
✅ Phase 1: a harsh pullback
✅ Phase 2: a period of consolidation
✅ Phase 3 : an impulsive move to the 0.61 line of the pullback move
❌ Phase 4: another consolidation perdiod: Skipped
✅ Phase 5: a drop to the 0.38 line of the fib retracement
🤩 Phase 6: Back to the top we go
AMAT ascending trianglethis is the weekly chart it looks super solid and like it can move big to a high of maybe $175
I have 160 calls
hit the lines 4 times in total so the 5th move could result in the big boom as the last leg in the trade until we see a downturn
looks like a solid trade right now good luck homies
9/26/21 AMATApplied Materials, Inc. (AMAT)
Sector: Producer Manufacturing (Industrial Machinery)
Current Price: $141.92
Breakout price trigger: $139.25 (hold above)
Buy Zone (Top/Bottom Range): $140.00-$131.75
Price Target: $146.00-$148.00 (1st), $165.50-$169.00 (2nd)
Estimated Duration to Target: 31-33d (1st), 122-130d (2nd)
Contract of Interest: $AMAT 11/19/21 150c, $AMAT 1/21/21 165c
Trade price as of publish date: $4.40/cnt, $3.25/cnt
$AMAT Applied Materials on Breakout Alert
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(US) AMAT VCP Setup Follow UpI shared AMAT previously at beginning of Aug (link below) and unfortunately the previous movement is not strong and the chart develop another contraction C3. The overall contraction for AMAT as shown below:
C1: -21%
C2: -12%
C3: -12%
C4: -4%
C5: -3%
Pivot point observed above the trendline. Awaiting volume and breakout!
Disclaimer:
Trade at your own risk. Not a buy call, sharing based on technical analysis with pattern and indicators.
AMAT: Trade the wedgeAMAT (swing): (In the process of filling the gap on the down)
~Watch the support zone 135.40-136.50 for a bounce to PT1: 138 / PT2: 140 / PT3: 144
~Monday may see a dip to 133-ish area, if support doesn't hold. I would buy calls at 133. (Price likely will recover 2 bucks after the pullback)
~We are still trading in a missive looking wedge and probably will be for at least another month. Take advantage of using the zone inside the wedge for the time being to make swings. (there is at least 10 bucks between the support and resistance line.)
strategy for AMAT Wednesday 09/01/2021(AMAT buy price 135.00)
(AMAT sell price 133.00)
strategy: amat with strong reversal signal. Here is the plan if you open with above and close to the closing price we wait for confirmation to enter the buy, we take profit in the double top. If the open is in zone # 2, for example 136.00, we wait for the break of the double top, our buy price is 138.00. Something important for amat is that it is in a divergence between the 5mn bearish charts, and the 15mn bullish charts, we must confirm the uptrend above the 5mn gr.
our bearish entry: it must be below the sell price and below the mv 200 by 15mn