Middle line test leading to an upward move
An inverted H&S is present also which may be a indication of a trend reversal.
I expect a breakout of this almost horizontal, slightly rising, parallel channel.
Looking to buy some AAME if price should move as the blue arrow.
Requirements: Price breaks over Resistence area (red line), where i would buy on a retest of it
Target: Major Resistance area (upper red line)
Stop- Loss: None
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My General rules and approach regarding trading:
- I mark levels that i find interesting and set up requirements what price...
🟢 $AAME Target 8.10 for 55.77% (Risk Level - HIGH)
Open add order at 4.00
Or double position at 2.30
This has been a really long play… don’t join this one unless you’re crazy… however, I did post one that was similar the other day and it hit target a few days later… just be careful here… I’ll get my target… its just a matter of when…
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On the far right...
$AAME Target 8.54 for 51.42%
Or next add level is at 2.88
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. ...
AAME
Off scanner Play
Financials
Market Cap 92.68
Total Shares outstanding Below 25 million
Debt 30 M
Assets 354.99 M (1 to 10 )
Revenue Per Employee 1.27M
Free Cashflow 4.64M
On Watch
Broke out yesterday, moving on the pre-market scanner first thing. Former Runner, Low Float.
Volume note: Low volume except randomly no key catalyst on those days.
No...
Could this be a rounding top, signaling a oncoming down trend? Looking at the pattern on a weekly chart, it seems that it may be the case as it's coming from a preceding up trend, so far lasting 3 months with bearish volume. Seems, a downtrend is coming!
AMME Long with a Head and Shoulders Strategy. It might be a bit too early to buy but sometimes the shoulder doesn't dip all the way before it rises. Please leave a comment with your thoughts!
The price of the shares of Atlantic American may have a good chance of go higher. Since the price it out of the consolidation zone, can be a good opportunity for to trade some shares of AAME.
My sugestion:
Entry point: 4.48
Stop loss: 3.35
Profit target: 5.61
Volume over the last month and a half has been picking up from mid April through to present. Resistance (blue line) has been held for a very long time. As you can see RSI is showing a vastly oversold stock.
