AMAT Shorting scenarios

5月3日

A little project for a short bias on the AMAT with 3 potential scenarios in mind. A fall from the first pink rectangle, or from inside it if the top edge becomes resistance. Second scenario is resistance met at the white curve. 3rd scenario is similar but at the purple curve.

These should only be considered if the earnings don't push this with a stellar gap higher. If the earnings report is decent, but no buying enthusiasm and/or appetite transpires from the price action, any signs of shorting opportunities and/or setups should be carefully considered and analyzed with the preferred lens, approach, method or other sources.

As usual, all elements are envisioned potential support/resistance zones/forces.

5月15日

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Support and up push from the rectangle. Any shorting scenario to be considered only with relevant price action at the white: resistance to be met, candlestick shadows, bearish mood (candle).

5月17日

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First sign of a bearish mood at the white curve. To be considered.

5月20日

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If the price doesn't rebound again from the curve in this position all bets are off. It could just go over it and ignore it.

6月4日

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Looking forward to see if the white holds as support and if the recent top above it was actually the beginning of a prolonged bearish sentiment.

6月12日

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Big rebound from the white.

8月6日

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Break and retest of the purple and a big drop going fast for the slim plank below. Interesting stuff.

8月23日

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we end this project with the big rebound from the last slim rectangle zone. Quite a ride. Looks to be consolidating a bit under the purple and it might even end at the arrow end. Can't see it dropping back. And popping up doesn't look like an option now...