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.
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.