AMAT with an 6-8% upside. Semiconductors are HOT!

22 mar 2018

An inverse head and shoulders pattern is developing which could reach neck line by tomorrow. At that point we can expect a breakout initially to 61, with a retrace back to the original neckline and then to a target of 64.5, at which point i would sell. There is significant resistance at the 59 mark. I would not expect a breach below that level. This is an 6-8% upside from current levels with potential to be reached by 3/30