Bullish Shark PatternI did a post on this before, but I am reposting because it got a confirmation back-test double-bottom. This is especially good because the local low backtested the high from January 2022. The shark harmonic with a 1.13 fib retrace.Longby farmerjuan2
AMAT finding a bottom?I like that the price it has pulled back to coincides with the previous high in Jan, '22, which became resistance in Dec '23, and that the 0.50 Fibo retracement is in the same area. It needs to hold and find support here. If so, the next leg up should be ~75-100%?Longby scottammons1112
Right place, right timeWe are at the right place and right time, buyers showed their hand at 167~168, if we can hold it here, we can easily take this thing back to 200~210 in 6 to 8 weeks.Longby mrezaei0
Bullish Shark PatternThis is especially good because the local low backtested the high from January 2022. The shark harmonic with a 1.13 fib retrace at the backtest but no confirmation double bottom, instead it formed some sort of three rising valley. Longby farmerjuan2
AMAT Oversold to 138 ?RSI Oversold (Under 35) Consistent demand for Semis Expected 128 -> 138 Ranging PT: $138Longby EaszzzyEUpdated 111
$AMAT with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:AMAT after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 28.57%.Longby EPSMomentum0
AMATThe AMAT stock is on an uptrend on the daily timeframe, as I have mentioned several times. It has been able to maintain the upward momentum, and in the session before last, it opened with an excellent buying gap. This is a high-margin trade with a risk-to-reward ratio of 3:1. You can enter around $190, with a stop loss below $170. Your target is a new high above $255. Good luck to everyone! by IbrahimTarek4411
Applied Materials May Be OversoldApplied Materials has struggled since the summer, but some traders may think the chip-equipment stock has rebound potential. The first pattern on today’s chart is the sharp drop on October 15 after industry peer ASML issued weak guidance. AMAT kept sliding for more than a week before trying to stabilize and make a higher monthly low relative to August and September. That could mean buyers were active. Next, prices are still near the bottom of the range. Does that provide opportunities for favorable entries? Third, the bounces are occurring slightly above AMAT’s previous record from 2022. That may suggest new support has been established above old resistance. The rising 200-day simple moving average may further reflect a longer-term uptrend. Finally, stochastics are rebounding from an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. 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 or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both 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. Visit www.TradeStation.com for further important information explaining what this means.by TradeStation3
$AMAT can move lower if it takes out Fridays Lows at 183NASDAQ:AMAT looks to be poised to head lower if it can confirm the previous channel on Friday at 183. If price can close below this area we can potentially see a flush to 173.39 which is last months low and our closest Demand area. Shortby twiney110
#AMAT 15.10.2024 #AMAT 15.10.2024 Ep - 213.95 Sl - 198.01 Tp - 249.36 rrr - 2.23 Longby Khairil_Anuar2
AMAT - Applied Materials, Inc.Applied Materials, Inc. provides manufacturing equipment, services and software to the semiconductor, display and related industries. It operates through the following segments: Semiconductor Systems, Applied Global Services, and Display & Adjacent Markets. The Semiconductor Systems segment includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The Applied Global Services segment provides solutions to optimize equipment, performance, and productivity. The Display & Adjacent Markets segment offers products for manufacturing liquid crystal displays, organic light-emitting diodes, equipment upgrades, and other display technologies for TVs, monitors, laptops, personal computers, smart phones, and other consumer-oriented devices. The company was founded on November 10, 1967 and is headquartered in Santa Clara, CA.Longby Esmail_from_Kuwait2
AMAT MACD histogram about to cross upAMAT also has a RSI divergence. The tech sector is making a comeback and AMAT has the potential to rally even more.Longby Leinad11240
Applied Materials Inc. | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # Trend | Time Frame Conductive | Weekly Time Frame - General Trend - Measurement on Session * Support & Resistance * Trade Area | Focus & Motion Ahead # Position & Risk Reward | Daily Time Frame - Measurement on Session * Retracement | 0.5 & 0.618 * Extension | 0.786 & 1 Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Neutralby TradePolitics0
AMAT Applied Materials Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AMAT Applied Materials prior to the earnings report this week, I would consider purchasing the 195usd strike price Calls with an expiration date of 2024-9-20, for a premium of approximately $15.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptionsUpdated 113
AMAT is BearishPrice was in a strong uptrend, however a bearish divergence appeared on the daily time frame, and now seems to be playing out too. Previous higher low is broken a lower low is printed instead, now price will move up a bit to define a lower high before journeying downwards again as per Dow theory. Targets are mentioned on the chart. Shortby Fahad-Rafique3
AMAT upmove possible . US Stock gap fill complete 215 can try long entry in next few days 216/218.50/221/225 can testLongby Equity_Research_Analyst-021
Important range to stay in If it slips below 200, there is still solid support to revive it, but it is likely to see some sign of a reversal.Longby themoneyman800
AMAT breakout possible in ATH ATH breakout possible , if sustain 260/280 can test soonLongby Equity_Research_Analyst-02112
correction to 220 With other areas key the support level is at mid 200, I am targeting this area to see if it holds, or continues to follow the strength of the current bearish pattern.by themoneyman803
AMAT - The Flight ContinuesYes, the stock is highly valued, but it's hard not to believe in further highs: Fiboclouds remain aligned and compacted, providing support in the 60', H4, D, and W timeframes. This movement suggests a continued breakout towards the first target. If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was entered. This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far. Follow us to receive notifications of new trades as well as frequent updates on ongoing trades.Longby EthosInvestUpdated 0
AMAT Consolidation breakI like AMAT for calls at 235 if it pulls back and holds with the anticipation of a 237.90 breakout. It has failed this level for three days, and if/when it does break AMAT should see a nice move up. My favorite scenario is a premarket gap over 237.90. This allows an entry with little resistance and a sign of strength. Risking $1 here for potential $5-10 move. I have multi time frame confluence on this trade and I like what I see from a candle perspective on the daily time chart. Longby traderjoe3126Updated 111
Applied Materials, Inc. (AMAT) Surges to New Heights.Applied Materials, Inc. (NASDAQ: AMAT) is experiencing a significant upward momentum, closing at $237.65 with a robust gain of 3.34% in the latest trading session. The technical indicators and price action suggest that AMAT is positioned at a critical juncture, with potential for further upward movement or a short-term pullback. The latest session closed with a bullish marubozu, indicating solid buying pressure throughout the day, often seen as a continuation signal. The stock gapped up from the previous close, suggesting strong overnight sentiment and a possible continuation of the upward trend. AMAT is trading well above the Ichimoku cloud, indicating a strong bullish trend. The cloud provides dynamic support levels around the $220 mark. Currently at 72.76, the RSI indicates that AMAT is in overbought territory. Historically, RSI levels above 70 can signal a potential pullback or consolidation phase. The MACD level of 5.64 is bullish, with the MACD line above the signal line, suggesting positive momentum. All key moving averages (10, 20, 50, 100, and 200-day) are aligned in a bullish configuration with the price above each, reinforcing the strong upward trend. The latest session saw a volume of 5.57M shares, higher than the 30-day average of 4.97M, indicating strong investor interest. Volume spikes often accompany significant price movements and can foreshadow continued momentum. The Momentum (10) at 18.60 and the MACD suggest a continuation of the current bullish trend, though caution is warranted due to the overbought RSI. AMAT has consistently outperformed its earnings estimates, with the latest EPS surprise of +11.84% for Q1 2024. Revenue growth also showed positive surprises in recent quarters, supporting the bullish outlook. The company's cash flow from operating activities is strong, despite some volatility. The recent quarter saw a significant free cash flow of $1.14B, suggesting healthy liquidity and operational efficiency. Given the current technical setup and momentum, AMAT could potentially test higher resistance levels. Bullish Target: If the bullish momentum continues, the next resistance is likely around the psychological $250 level. This target is based on the extension of the current bullish channel and Fibonacci retracement levels. Bearish Scenario: Should there be a pullback, support is expected around $220, aligning with the upper boundary of the Ichimoku cloud and the 20-day EMA. Long Position: Entry Point: Consider going long if AMAT breaks above $240 with high volume, suggesting a continuation of the bullish trend. Stop Loss: Set a stop loss around $230 to protect against downside risk. Take Profit: Target the $250 level for potential gains. Short Position: Entry Point: Short positions could be considered if AMAT shows signs of reversal around $240-$245, particularly if accompanied by declining volume and bearish candlestick patterns. Stop Loss: Set a stop loss at $245 to limit losses in case of a bullish continuation. Take Profit: Look for a correction towards $220, aligning with the Ichimoku cloud support. Applied Materials, Inc. presents a compelling technical picture with strong bullish indicators but is currently in overbought territory. Traders should watch for key levels around $240 for potential breakout or reversal signals. The strategic use of stop losses and attention to volume trends will be crucial in navigating the next moves for AMAT. by AxiomEx0
AMAT Shorting scenariosA little project for a short bias on the AMAT with 3 potential scenarios in mind. A fall from the first pink rectangle, or from inside it if the top edge becomes resistance. Second scenario is resistance met at the white curve. 3rd scenario is similar but at the purple curve. These should only be considered if the earnings don't push this with a stellar gap higher. If the earnings report is decent, but no buying enthusiasm and/or appetite transpires from the price action, any signs of shorting opportunities and/or setups should be carefully considered and analyzed with the preferred lens, approach, method or other sources. As usual, all elements are envisioned potential support/resistance zones/forces.Shortby nenUpdated 0