$AMP hasn't hit these levels since 2006! Bulls are showing their hands so far:
Looks good for a ST and LT trade.
- Bollinger bands contracting, tighter volatility, but leaning towards the upper bands
- RSI showing a rising wedge like pattern, although steady momentum relative to the upper chart
- Risk reward for traders looks tempting
Looks good for a ST and LT trade.
Comment:
Rising wedge (4hr chart) has broken to the downside, bulls need to make a stand at these levels (hammer reversal or at least another doji).
Trade closed: stop reached:
Shorting