I have been observing this stock for a long time. There is a rounding bottom and the prices have been crossed the Simple moving average 200 daily. They designed a first pullback on the SMA 200 that was a nice opportunity for a nice operation. Now we are in a phase that seems a new pullback. The time cycle seems at final countdown. In my opinion is a nice opportunity to enter for a long time operation LONG. The stop loss is located if the prices will cross down the SMA200.
There is a similar operation I did with an Italian stock FIERA MILANO, I will putt an image of that.
Trade closed: target reached: The prices have been reached the 1st target in 21,15 area where the prices cross the 100 weekly SMA.
I've close the position and I hope to enter again if the prices will do a pullback on the trend line.
The up-trend is not finished for this stock.
So far so good
GioBru justn6
@justn6, there are two stocks like AMC with the same configuration: ENSCO PLC and LITHIUM AMERICAN CORPORATION. You can find the analisys in my profile. Furthermore Ensco is related to the Brazilian Market that in my opinion will increase in the future and Lithium manage about the main component for the battery in the future of electric cars market. Check it out and let me know.
+1 Reply
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