Stock Market Technical Outlook AEIS and AMAT

AEIS and AMAT Technical Analysis Video

This week we will be looking at two solar companies, AMAT and AEIS, as we cover up and coming renewable technology.  I always think it’s funny that they call it renewable as it not like you can recharge the sun or anything again.  Who know’s how we get some of the names we do.  If it was me,  I think I would call it natural energy.

On AEIS,

this market has been kinda sideways for the past few months(summer slump). The market made an important new low back in July and I believe that new low at 63.66 is a turning point for what was an uptrend.  We are now seeing a basing period and I think it may roll over.  What it comes down to is price is going to give the high at $80 and supply zone at 79.36 up to 86.25 a retest and as it does so that will be the final decision point as to if bulls will pull out.  I think that that for this coming week we will see price move up but not sure how price will act around $82.  I think it could fail there and start a new downtrend overall.  However,  only time will tell and that is a long prediction to have right now.   Overall,  I see this market north this week.

On AMAT,

price looks very strong as it just made a new high at right around $50.  This coming week I’m expecting a retracement to happen back down to the previous highs around $47 and for price to reform supply into demand.  So as we all know what goes up must come down.  But in price action is more about the wave motion that I believe will continue to soar above $50.  Overall, this market is in an uptrend and it looks like it is starting to for another wave right now.

Learn stock market Investing with One of the

Best Day Trading Courses

For almost a decade, APA Zones has been a leading trading software company with many satisfied customers.  As a leader in zone trading, our software and trading team provides a comprehensive investment strategy learning experience.  Simply put, we believe we are one of the best online trading academy’s online today.  Contact us to learn more and see what the zones can do for you.

Get Free Trading Education

image of Click-the-button.-See-what-happens.-I-dare-you

Want More?

See what The Zones can do for you.  New products and services coming soon, as well as our current quality products that are designed to help you in your quest to become a more pfroitable trader.

APAZONES on FacebookAPAZONES on Twitter

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »