AMAT Double Bottom breakout!

11 apr 2018

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.

18 apr 2018

Trade chiuso: obiettivo raggiunto

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.