Applied Materials (AMAT) shares of the semi name are forming a high tight bull flag near the top edge of monthly value area at 222 after last week’s pullback tested and rebounded from the lower edge of value and the 55-day MA near 210. AMAT has strong long-term trends in place and a close above 222.50 likely extends this breakout to 235 as a first target. The weekly chart just last month broke out from a 3-month flag pattern and should be a sympathy mover on AVGO earnings midweek but AMAT itself has seen strong bullish flow recently with a 5/29 buyer of 1250 July $220 calls at $10.90 which are still holding in OI.