AMAT (Applied Materials Inc) offers an objective short entry following the recent breakdown & backtest of this steep bearish rising wedge pattern & will be added as an Active Trade at current levels (29.43) with an ideal entry range between 30.27 - 28.70. The price targets are T1 at 27.81 & T2 at 26.04 with additional targets likely to be added, depending on how the charts play out going forward. The suggested stop is any move above 30.56 and the Suggested Beta-Adjustment for this trade is 0.9.
AMAT Swing Trade Setup & Entry
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