Superior Profit
AMAT.


It is trying to go up for several days but failing as seen from the daily candles with upper tails. Great looking fundamentals. The industry is accelerating. 

It has displayed by possible reversal Headwind signal in both weekly and daily. Daily also broke above Memory resistance line. 

The stock is only 4% above 52 week low. Optimally valued. Great earnings growth over the yearly and quarterly periods. Robust earnings quality. 

If it gives a proper trade setup using the CUE unambiguous checklists for trade entry (https://superiorprofit.co/entry-checklist.html) then the trade may turn out to be handsomely profitable.


amat chart 2018-10-03_19-49-27.jpg  amat edge 2018-10-03_19-51-56.jpg  amat vital 2018-10-03_19-41-45.jpg 
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Superior Profit
In yesterday's analysis of AMAT, I mentioned that there was an effort to rise, but there was no CUE Long setup. CUE traders would wait for a proper trade setup before buying. That setup has not come as of 4th Oct 10:40 AM EST. AMAT dropped. Daily candle turned magenta. Waiting for unambiguous CUE setup before pulling the trigger was the disciplined superior profit way of trading.

Amat followup 2018-10-04_10-42-20.jpg 
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