Applied Materials (
AMAT) experienced a sharp decline of over 13% in the past 24 hours following an otherwise strong quarterly report.
The market reaction was driven by a weaker-than-expected forecast, which triggered heightened selling pressure and contributed to a significant decline this week.
From a technical standpoint, the $160 level is acting as a critical psychological and structural support zone, aligning with the 50% Fibonacci retracement level.
While there remains potential for further downside, I have initiated a buy position. Should the price continue to decline, I plan to add to my holdings using a Dollar-Cost Averaging (DCA) strategy.
As always, trade with caution.
I welcome your thoughts in the comments — and don’t forget to like and share for more market insights.
AMAT) experienced a sharp decline of over 13% in the past 24 hours following an otherwise strong quarterly report. The market reaction was driven by a weaker-than-expected forecast, which triggered heightened selling pressure and contributed to a significant decline this week.
From a technical standpoint, the $160 level is acting as a critical psychological and structural support zone, aligning with the 50% Fibonacci retracement level.
While there remains potential for further downside, I have initiated a buy position. Should the price continue to decline, I plan to add to my holdings using a Dollar-Cost Averaging (DCA) strategy.
As always, trade with caution.
I welcome your thoughts in the comments — and don’t forget to like and share for more market insights.
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המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.