The AMAT observation about reduced asymmetry when chasing strength is solid. I've seen setups like this where momentum looks attractive near highs but the pullback zone ends up offering way better entry risk. The 268-265 area aligns with prior structure and gives a cleaner stop placement compared to buying here and trying to mentally manage exposure if it retraces. Pullbacks don't always happen,but when they do thats where edge gets rebuilt. Also, the broader semi capex basket has had some uneven follow-through lately, which makes discipline even more important. Holding cash for a better setup isn't lazy, it's positioning.
Exactly. Strength near highs often looks tempting, but that’s usually where gains quietly degrade. The proposed zone is about letting the stock digest it's last impulse (which seems to be continuing in pre-market today). Although pullbacks aren’t guaranteed, if and when they show up, it'll be a great opportunity to add some AMAT exposure.
The AMAT observation about reduced asymmetry when chasing strength is solid. I've seen setups like this where momentum looks attractive near highs but the pullback zone ends up offering way better entry risk. The 268-265 area aligns with prior structure and gives a cleaner stop placement compared to buying here and trying to mentally manage exposure if it retraces. Pullbacks don't always happen,but when they do thats where edge gets rebuilt. Also, the broader semi capex basket has had some uneven follow-through lately, which makes discipline even more important. Holding cash for a better setup isn't lazy, it's positioning.
Exactly. Strength near highs often looks tempting, but that’s usually where gains quietly degrade. The proposed zone is about letting the stock digest it's last impulse (which seems to be continuing in pre-market today). Although pullbacks aren’t guaranteed, if and when they show up, it'll be a great opportunity to add some AMAT exposure.