AMRS has been in a descending channel since November, and finally looks like it might breakout out. However, it was added to Zach's strong sell ranking list on April 7th. If it can get some volume we could still make a good 5%. If breaks out on strong volume my entry will be .51 and profit target of .535-.57. SL will be set at .495 NASDAQ:AMRS
AMRS is testing a multi-year resistance trend line. However, increased volume during the last several months suggests that AMRS may break this resistance trend line and break out much higher. I'm looking for increased volume and price levels above .70 for a confirmation of breakout. Otherwise, it may be going down again.