today we'll revisit Applied materials (AMAT) Technical analysis performed last month, you can read it here.
few things to notice:
1- bullish divergence in MACD occured.
2- 19.84$ level of fibonacci (61.8%) was not penetrate where as the 50% was broken up in large volume.
few scenarios that might happen :
1- a fix toward 18.5 stabilization and confirmation of bullish trend toward 19.84 recheck and 22$ break.
2- a break of 18.5 down which will lead to a 18.25 and 17.88 check if no support we will head toward a minor bearish trend of 17.52.
conclusion, AMAT had reached the target set for the last bullish rally, confirmation of support in 18.5 level will lead the stock to new heights.
Thursday, February 21, 2008
Applied Materials, Inc. (AMAT) Technical Analysis february
That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,
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enjoy your online market trading!!
have a nice day,
Shadi
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