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jccarson
Jan 27, 2018 9:53 PM

Ascending Channel Price Target Long

Amplify ETF Trust Amplify AI Powered Equity ETFArca

Description

This is the most intriguing security of any stock or ETF that I found last year. An ETF that is not just tracking AI technologies, it is powered by IBM's AI. I bought in at 27.75 and extending the upward channel out, The target I have set for the end of March, two months from now, is ~$32. That is a 15% increase in only two months time. I am actually so bullish that I am hoping for it to break out of the channel and take us even higher :]
Comments
ChartArt
I guess this is how most people get fooled.

Thinking it trades differently than the market. This ETF only did this (trading differently than the market) around last November. Since then this ETF performs exactly like the S&P 500 / Dow Jones / S&P 400. With a few days better and a few days worse with performance. In my recent comparison actually the index outperformed this ETF after the strong price decline.
Bentley_the_cat
Looks like you made an intelligent decision ;-)
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