Only thing I see on your chart is a doji at the recent top ($27) and another doji today ($23.80) ... on what could be a fib retrace. Also, a huge gap.... If no attacks this weekend, then we should turn higher Tuesday and get above the mid Bollinger band... unless we don't! <G>
better chart stockcharts.com[h,a]dhclyymy[d20020101,20021231][pc20,50!d20,2!f][pc20!c50!i!d20,2!b100!b200!f][vc60][iut!Uo14!La12,26,9!Lh14,3!Lc20]
AMAT is in a bull market now.. so trips below the mid band are usually time to buy... but I'll wait for a fat pitch myself to add shares...
Me thinks Tito makes a killing on his calls bought today. :)
PS I think this chart shows the wider trading range for AMAT and what it does is widen out the Bollinger Bands to reflect this wider and newer range...probably between $21 and $30 for now. GS likes it 20% lower... and that would put it right where I think it is a steal also... which is pretty easy to see on this chart:
stockcharts.com[h,a]dhclyymy[d20010101,20021231][pc20,50!d20,2!f][pc20!c50!i!d20,2!b100!b200!f][vc60][iut!Uo14!La12,26,9!Lh14,3!Lc20]
Kirk out |
