Hubert Senters here.
Let’s take a look at AMAT versus Micron Technology. So if you look at AMAT here overall it is training the ADX is $22. You got a little bit overhead resistance right here that you’re going to have to deal with a $60.74-ish.
Right now, it’s $58, so not too bad when you’re looking at it. It doesn’t look bad. It looks like trends more than chops around and it sold off with the rest the market and it’s going higher. Obviously, it’s tied directly to the Nasdaq, so it’s going to look a lot like the Nasdaq
Now, let’s compare that to Micron. I think I came out a little bit better because Micron Technology is immune here. The ADX is $10.62 and it’s saying it’s non-trending. Clearly it’s going higher but I would go with AMAT that just because the ADX is a higher reading and the chart looks a little bit less choppy in this area.
So if you look at Micron it’s choppier. Let me grab a minute here. I am just double checking AMAT. Yeah, this has got bigger swings which means is going to be more volatile. But if you get it right you’ll probably make more money so it looks like it’s going up so if I had to choose between AMAT and MU, Micron, I would choose AMAT.
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Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
