ALLIED MOTION TECHNOLGIES INC

NASDAQ

AMOT

Even when the market is down on the day, you can always find a few stocks that closed in green, those should get your attention... especially when: Higher than average volume Bullish engulfing (outside day) RSI in bullish range Clearly defined Risk/Reward

I have been long on this Price. Today it has started breaking a congestion zone that may be the signal of more up movement.

AMOT is breaking up a price consolidation zone shaping up as a tringle. I have a long position on this price and my price targets are shown on the figure.

Long position activated

Interesting Double Bottom Pattern