adamkhoosk

(US) AMAT VCP Setup Follow Up

Long
NASDAQ:AMAT   Applied Materials, Inc.
I 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.

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