AMYRIS Buy Strategy for NASDAQ:AMRS by vrambati

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AMYRIS is slightly bearish on weekly chart.

Buy point 1 $3.75 if it shows signs of strong support and breaking the trend.
Buy point 2 $3.19: Good buy point.

Order cancelled

Trade active

Comment: Buy point 3 $2.88: There is a slight chance that it will hit that level but I am hoping a strong rebound after that.

Comments

It hit your buy zone, or just above it, any reason the order was cancelled? 163% revenue growth is pretty solid

Shwayze

@Shwayze, I did cancel the order as the weekly chart is indicating me that it will hit the BUY POINT 1 but yet the price rose so high and the price chart was way off the trend channel. So I thought the strategy failed. Yeah! but it fall super fast to 3.75. Gladly, I did bought AMYRIS at this price.

It touched your Buy Point#1, a day late. Did/do you see more technical damage to scarp the order/setup?

HHSPN

@HHSPN, No! I do not see the technical damage. I did buy some at this price. I thought the strategy failed because the price rose so high and the price chart was way off the trend channel.

vrambati

@vrambati, Wow it hit your .236 FB and more. Lawsuit was unexpected. What comes after .236 target? My guess it might dip below $2 till dust settles. The 8k AMRS put out this morning has it's points but the stock will lost momentum and might trade sideways, of course they might settle out of court.

HHSPN

@HHSPN, If there is a signal for strong support then I will let you know that level on this chart. It has been a good stock so far but lets see how this will develop further.