Samlunch
09-29 12:38
$Applied Materials(AMAT)$  


Applied Materials.

Rejected a big pivot level at $210 - $215, risk for shorts can be close above level.

Recent volume patterns look to be distribution.

A lot of PUT volume (bearish) on multiple chains being seen in the options flow.

Set up looks bearish now but if price action manages to break above $215 on good volume, we can see resistance turned into support, trend will flip bullish with next price target at $233 where a big bear gap sits.

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