checking Applied Materials (AMAT) uncovers an interesting signs of revive
we can see that over the last 5 years, AMAT has been trading in a very narrow enevelope, so apparently there is no enough volatility to make this stock
interesting, however taking a deeper look we first see that the envelope is rising.
and second if we focus on the last few years
we see few bullish signs:
1- break up of a resistance line on Jan 2008 (a resistance line that was formed april 2001.)
2 - the price level crossed SAR upward.
3- a start of a bullish divergance in MACD
we conclude a mid term bullish sentiment for AMAT with fibonacci targets of
18.45$, 19.09$, and 19.73$
We Moved!!
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Friday, January 25, 2008
Applied Materials, Inc. (AMAT) Technical Analysis
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Shadi
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