AMAT Trade on Jun 22, 2021 10:16 from MichaelBLe: Tradervue User Stock Trades.

6-22
7:30AM

Strong ER and Sales growth. With earning estimates to be up the next 2 years. 2 funds that William O'niel likes.

Took this name while it's testing the 10 weekly and 50 daily. So I took this name on a partial position on support. This will be my last trade of the day. PROGRESSIVE EXPOSURE.

8:20AM
Added more into this position as it's showing me some gains. I want to be in a full position before it gets too far away. Will add some more if we close strong.

6/24
7:06AM
I was debating on whether to take some LSCC along side with AMAT. These are both in the semi conductor group but are different type of semi companies. LSCC is a cleaner chart and breaking out today. AMAT is still struggling fighting with the down trend line on today's market strength.

You can see the down trend line on the chart below. We gapped right into it. I am cautious with this name today. Signs of weakness can make this name reverse quickly. May be forming a flag and just not ready yet.

LSCC, the chart below, has less over head supply. This goes to show that the type of consolidation pattern at a pivot point is crucial.

1. A sideways consolidation below a pivot point (LSCC) has less overhead to fight through before the pivot point.

2. A falling flag (AMAT) has a down trend line to fight before the pivot point. Thus, needing more buying in order to take out of the overhead supply.

6-25-2021
3:12PM
Got stopped out of this name during my chiropractor appointment. Sold some earlier in the day and got stopped the rest of the position later. Semi conductors aren't ready and favorable right now. Older software growth names are the main focal point right now.