Applied Materials (
AMAT) experienced a sharp decline of over 13% in the past 24 hours following an otherwise strong quarterly report.
The market reaction was driven by a weaker-than-expected forecast, which triggered heightened selling pressure and contributed to a significant decline this week.
From a technical standpoint, the $160 level is acting as a critical psychological and structural support zone, aligning with the 50% Fibonacci retracement level.
While there remains potential for further downside, I have initiated a buy position. Should the price continue to decline, I plan to add to my holdings using a Dollar-Cost Averaging (DCA) strategy.
As always, trade with caution.
I welcome your thoughts in the comments — and don’t forget to like and share for more market insights.
AMAT) experienced a sharp decline of over 13% in the past 24 hours following an otherwise strong quarterly report. The market reaction was driven by a weaker-than-expected forecast, which triggered heightened selling pressure and contributed to a significant decline this week.
From a technical standpoint, the $160 level is acting as a critical psychological and structural support zone, aligning with the 50% Fibonacci retracement level.
While there remains potential for further downside, I have initiated a buy position. Should the price continue to decline, I plan to add to my holdings using a Dollar-Cost Averaging (DCA) strategy.
As always, trade with caution.
I welcome your thoughts in the comments — and don’t forget to like and share for more market insights.
Transaction en cours
Still holding
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.