My Level: Long off $125.30
Why: Previous low, 200D & Annual Pivot
This name is little bit oversold. You can see 200D is at $125.30 and Annual pivot is at $125.15
MY LEVEL: 130.05
WHY: 50% Retrace from recent red to green move. That area is also about the ATR away from where it closed. Might gives us one more day of continuation. I'll take it off 130.05.
Applied Materials ATH breakout with bullish 'bat' harmonic pattern on the back of strong earnings. Gave some decisive moves once the last FIB resistance at 75.93 was out of the way.
Short-term targets 87,90,92
Applied Materials, Inc. provides manufacturing equipment, services and software to the global semiconductor, display and related industries. The Company's segments are Semiconductor Systems, which includes semiconductor capital equipment for etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging,...
