Applied Materials Ins (NASDAQ: AMAT) is giving signs for Loss Of Buyer's Momentum at the top as per TTC Breakdown Formation. The 54.50 Zone is very critical for now to hold the breakdown. If price manages to sustain below this Critical TTC Zone, we can see buyers losing control to the sellers in the markets.
For Short-term targets, Trader should eye on 53.20 Zone. Then 52.20 is the next support. For Swing Traders, 48.50 zone is Very Critical. Below which we can see a good amount of selling.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets.