Applied Materials (AMAT) Long Term Forecast and 98% Blue Wave Signal

The below chart is a weekly time-frame chart for Applied Materials (Ticker: AMAT). Semiconductor companies are currently one of the single power-drivers of market thrust.

Overlaid is the EquiPredict red wave forecasting model as well as a Blue Wave signal with a 98% probability attached. The target ROI over the given time-frame is 17-24%.

Reminder: The red wave model does not forecast magnitude of move. The model forecasts bias (bullish or consolidation/bearish bias) over the given time-frame.

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