AMTD intially dropped due to news of them getting rid of commissions and it looks like it's starting to head back up there.
-The stock is currently in an uptrend and I think it will move something like this
-We see the first resistance level around $36.15 back in Apri/May 2017 and the lagging span bounced off of it
-The next resistance is around $40.26 and I'll come back and update when it gets there
-The stock is currently in an uptrend and I think it will move something like this
-We see the first resistance level around $36.15 back in Apri/May 2017 and the lagging span bounced off of it
-The next resistance is around $40.26 and I'll come back and update when it gets there
Trade active:
The RSI is currently overextended, so I am expecting a bit of a pullback soon.
Trade active:
Scratch that. I current have the money flow index on. I forgot to switch it back to the RSI. Currently the RSI looks good.
Comment:
AMTD is retesting that resistance line again. So far it's looking healthy
Comment:
If AMTD breaks through the cloud, it's a wrap.
Trade closed: target reached:
thank you charles schwab