AMKR is showing a really strong upward trend on the daily and weekly chart. Today it has broken its daily resistance $24.92 - $25.74. I'm looking for a continuation of this uptrend. This will be a good Leap for me.
amkr breaking 1/3 local resistance levels today, recently saw a perfect bounce off its strong trendline support. all good signs for longs, we most likely see price targets 1-2 hit in the next few weeks. A all time high break should follow. like and follow for more 💘
A 50M B 102M C 78M 31thDec 6.1M... Elliott Wave Theory, or ABC wave theory, is a term for three-wave counter trend price movement. Here, wave A is the first price wave that is against the trend of the entire market. B wave is a corrective wave for wave A. Wave C shows the final price move to complete the counter trend price move.
You can buy AMKR target 27.04 stop loss 21.18 Money management your responsibility. I recommend entering a maximum of 10% of the portfolio. Good luck
Wave 5 is over. AMKR needs rest . We would wait for Wave A completion to Bull. Good luck
AMKOR again hit all time high, will its go high and higher or otherwise as completing wave 5. let study together
With SMH set to breakout this may be one to watch. Nice setup with there having been a few touches on the this high already. Like it in the box to fib levels above. No longer interested below the box.
$AMKR breakout pullback setup. That 50 day MA is conversing with most recent breakout pivot. A high probability PB trade setup.
Great run-up to resistance 6 green candles in a row Price well above 200 DMA 5 Month-long base Dividend-paying stock
BUY ENTRY: 23.53 USD TARGET: 26.10 USD (+11%) STOP: 22.33 USD 1.) rejection at the uptrend support level. uptrend continuation. 2.) retest of the resistance level expected 3.) For the past year, the analysts have regularly revised their sales expectations for the company upwards. 4.) The company has enjoyed very extensive upward revisions over the past 4...
ENTRY: 24.30 SL: 22 TP1: 26.07 TP2: 27.50 - ADX<25. Would like to be higher. - RSI<65 but >50. Uptrend still intact. - RS +ve - FFI +ve - MAs aligned
If you love triangle breakouts, you will love this setup.
I see further upside for this stock. Looking into call options.
I have some text on the chart that explains a little bit. The idea is I'm trying to do some active reading from the book called "Price Action Breakdown". The first chapter suggests you do this exercise. That is my only goal with this. If there is someone else in the learning stages, or refreshing stages, please feel free to comment how you would do it differently,...
Wave 4 corrective, lets wait for 20.2 mark & attempt to recover wave 5 afterwards
I have alert for the gap fill area. Most gaps fill It does have a bit of a bull pennant, so this may need to go up before it comes down. Patience is a virtue.
An Amazing setup in my opinion. A gap and then a descending triangle, retested a support from the 2000's and on its way back up. Definitely has up side soon! This is just an idea, Not investment advice.