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Applied Materials, Inc.
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AMAT Double Bottom breakout!

Oleh lynchn25
Diupdate
AMAT is now facing resistance after completing the second triangle of the double bottom. It is currently trading on good volume which could represent a breakout towards $58 mark. As you can see each bottom took roughly 6 days to complete, which gives me reason to believe we can see at least a 4% increase over the next 7 days.
Trading ditutup: target tercapai
Target of over $58 was reached before 4/18 as high as $58.42 after breaking out of the double bottom. Over 4% gain before retreating lower.
Chart PatternsTrend Analysis
lynchn25

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