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Will AMAT break the terminal pattern extending from March?AMAT is in a coiling pattern that extends from March 2021 and may be looking to break out now. Fundamentally: * AMATs sales growth quarter-over-quarter has been more than 30% * Its EPS is expected to grow over the coming year Technically: * AMAT is in a pennant pattern indicated by the white trend lines * Recently broke back above a resistance of $135.34 which should now serve as support * Is approaching a confluence of resistance at $142.12 Trade idea: * AMAT is approaching a confluence of resistance around the $142.10 area * Expect selling pressure around there * Expect the $135.30 area to serve as support * Look for buying opportunities around the $135.30 area OR * Wait for a daily break and close above $142 as a confirmation Notes: * A break and close below $135 would make $130 the next support level and a break below that could send the price to the bottom of the pattern * A break above $142 can be expected in the coming week * However, this may continue coiling using 135.34 as support and the white trend line as resistance until earnings
NASDAQ:AMATLong
by HaseebKhan_90
💡Don't miss the great buy opportunity in XAUUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (1798.04). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at72 . Take Profits: TP1= @ 1820.12 TP2= @ 1833.43 TP3= @ 1854.36 TP4= @ 1875.33 TP5= @ 1902.06 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX:XAUUSDLong
by ForecastCity
9