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Vinodinvest
Apr 12, 2022 5:23 PM

$AMR breaking out Long

Alpha Metallurgical Resources, Inc.NYSE

Description

AMR has just broke out of the ascending triangle pattern on high volume today. The trading hasn't finished today, so the end of the day will be telling if it closes strongly or not.

As it stands, if it retests the breakout level (& holds support) that will be a great entry point, with low of the day as stop loss for my strategy.

Entry level: $140

Stop loss: $131 (6.43%)

Happy Learning and Successful Investing.

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