AMAT: Trade the wedge
AMAT (swing): (In the process of filling the gap on the down)
~Watch the support zone 135.40-136.50 for a bounce to PT1: 138 / PT2: 140 / PT3: 144
~Monday may see a dip to 133-ish area, if support doesn't hold. I would buy calls at 133. (Price likely will recover 2 bucks after the pullback)
~We are still trading in a missive looking wedge and probably will be for at least another month. Take advantage of using the zone inside the wedge for the time being to make swings. (there is at least 10 bucks between the support and resistance line.)
~Watch the support zone 135.40-136.50 for a bounce to PT1: 138 / PT2: 140 / PT3: 144
~Monday may see a dip to 133-ish area, if support doesn't hold. I would buy calls at 133. (Price likely will recover 2 bucks after the pullback)
~We are still trading in a missive looking wedge and probably will be for at least another month. Take advantage of using the zone inside the wedge for the time being to make swings. (there is at least 10 bucks between the support and resistance line.)
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