demyanchuk
Long

AMG TRADING OPPORTUNITY

NYSE:AMG   AFFILIATED MANAGERS GROUP INC
16 0 1
There are 3 strong longing signals gor entering the position:
1- double bottom (confirmed by the brealout of neck)
2-pennant with oncoming breakout
3-volumes during formation of double bottom support the idea of trend reversal.

Buy 147.40-148.00 (the breakout of pennant's resistance level )
Stop-loss 137.00 (7% of allowed risk; if it's possible move stop-loss to 131.00 (-2 tics under double bottom )
The first target 160.00
The second target 180.00 (according to levels of resistance and Elliot's waves.)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out