Seems like LK-99 is coming back around so it's time to watch AMSC
My guess is in a week or two price starts picking up and we get another big move
Position early while protecting downside is all we can do
Haven't followed the developments of the company so mostly a pure-technical call. Monthly cup+handle patterns with targets in highlighted areas. Ignore timeframe, purely for graphical purposes.
I like to say that spot (stock) is a superpower.
Trading options over the past few years has taught me a lot about being right at the right time AND being wrong at the right time.
If our absolute cutoff is $7.95 then it gives around -10% downside ignoring fees.
The play isn't soley based on the chart or the hype around LK-99.
It has to be on the overly...
The new rage on financial social media is that a new room temperature superconductor has been discovered, and appears to be replicable in labs.
This is significant because superconductors normally have to be either really hot or really cold during their operations.
So, AMSC has Superconductor in its name and is naturally pumping, and has been since May.
The...
AMSC has had a great rise since the beginning of the AI revolution. From the overlay of
the anchored VWAP this would be a VWAP breakout that closed the last trading day
with a correction pullback and then a bounce off the POC line of the volume profile.
The natural stop loss for a long trade is directly under the POC line. As a strong bull run stock,
the MACD...
But given the peculiarities of the newly revealed option position, an even earlier price reversal to the south may occur.
Source: Boston Options Exchange
On 6/2/21 American Superconductor (AMSC) reported a Q4 March 2021 loss of $0.21 per share on revenue of $21.2 million. The consensus estimate was a loss of $0.21 per share on revenue of $19.6 million. Revenue grew 16.7% on a year-over-year basis. The company said it expects a first quarter non-GAAP loss of $0.17 per share or better on revenue of $22 million to $26...
American Superconductor earnings are today at 4:05pm. My range is low $25, mid $29, high $33. American Superconductor Corporation is a leading energy technologies company. The company develops and sells a wide range of products and solutions based on power electronic systems and high temperature superconductor wires that dramatically improve the efficiency,...
AMSC is current at the top parallel trendline, extended from the lower previous pivot minima. 12/1 candle was a bearish engulfing and the low of that candle was broken 12/2. Look for a potential change in trend to the downside over the next few weeks/months.
Over the last three days, I have detected that AMSC's AroonUp green line is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month....
they have recently been awarded with a new contract, the future is looking good for this stock.
Looking at the price I do think the price of the stock is still cheap and it should be valued to $14 at least.
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