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$AMAT - Caught at the Supply Zone

Panjang
Applied Materials, Inc. (NASDAQ:AMAT)  
FluxTrades  
NASDAQ:AMAT   Applied Materials, Inc.
Trend Analysis Support and Resistance Supply and Demand LONG longsetup swingtrading swing swingtrade support Supply Zone
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trendanalysis supportandresistance supplyanddemand long longsetup swingtrading swing swingtrade support supplyzone
$AMAT has been trading within this channel for nearly the past year before breaking out to the upside.

It's since come back to retest it's upper resistance, which should now act as support. Given that it holds, we should have a wonderful long entry into a potential 15 point trade!
Penafian

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