The Long Investor
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$AMAT - REPORTED YESTERDAY -
🕑 Added 2025-02-14 12:25:46 +0000 UTC$AMAT beat but we already have this in an ABC correction and the price is down again nearly -5% in the pm now
We can see that the 50 Day MA is being tested here too and losing this level and the 0.38 Fib will be tested at $163, as it was in Dec
Holding this level and the bulls can bring this up to the blue line again, as the 0.38 Fib is a Wave 4 support level....but losing this and it's into Wave C and down to $134 next
This is not something I would be considering right now.
No changes to the chart since the last time we uploaded this.
Comments
kenv
Looks like the ABC correction may be completed? Big insider buy yesterday, too.
