TheKitchenTrader

$AMP can be a solid reversal play...

Long
GEMINI:AMPUSD   AMP
$AMP has put in solid support on the Daily with multiple touches. Pro Blue Osc hovering nicely above the zero line, MACD about to cross up, Cipher printing a buy and RSI Stoch coming out of the reset position. If market cooperates for a solid bounce then I expect nice gains out of $AMP here.
Comment:
Developing a hammer off of support here. Follow thru and this could be a nice move.
Comment:
$AMP 25 Days of Flexa has been an epic fail in a marketing attempt. Price has declined 29% since they started it. Markets dictate price and for now AMP is still not ready for that big move.
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