Bigger Cup&Handle on AMPX with succession of smaller ones.
We simply can see multiple small Cup&Handle patterns formed successfully with beautiful breakouts, certainly the last one was easy to catch after a bullish break of structure of 75% to the up-side from $6.7 to $11.7 and oh boy, still it's roaring....
So, I'm more hyped for the bigger Cup&Handle that has been coming close to a resolution after forming the pattern over last Two years' period.
Given that RSI and Stochastic are pretty saturated on the Daily chart, we may see a pull-back to re-test below $9 area but truly, analyzing the Volume Profile there is not much harder resistances above the current price-point to go for another $5 before the next Earning Q4'25 or before the CFO's departure which is simply another 40% to the up-side.
Fundamentally, looking for another GREEN earning for the new customer base and any positive update from the Brighton, CO plant.
This is not a buy/sell advice, rather shared to learn from others' opinions on AMPX chart.
We simply can see multiple small Cup&Handle patterns formed successfully with beautiful breakouts, certainly the last one was easy to catch after a bullish break of structure of 75% to the up-side from $6.7 to $11.7 and oh boy, still it's roaring....
So, I'm more hyped for the bigger Cup&Handle that has been coming close to a resolution after forming the pattern over last Two years' period.
Given that RSI and Stochastic are pretty saturated on the Daily chart, we may see a pull-back to re-test below $9 area but truly, analyzing the Volume Profile there is not much harder resistances above the current price-point to go for another $5 before the next Earning Q4'25 or before the CFO's departure which is simply another 40% to the up-side.
Fundamentally, looking for another GREEN earning for the new customer base and any positive update from the Brighton, CO plant.
This is not a buy/sell advice, rather shared to learn from others' opinions on AMPX chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.