AMRS looks like is heading down towards the lower trendline and 38,2%-50% Fib levels, from there we could see a rebound towards new highs. BE AWARE that if price breaks below top of (I) my counting is wrong and we are looking at a different structure.
posting this as per a special request.
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took a peak at $amrs this evening, and i noticed something extremely bullish forming.
from the march low of 2020, we saw wave's 1-2-3 play out perfectly; hitting the corresponding algo targets wonderfully.
$amrs has been in a pretty nice area of consolidation up here working on completing wave 4 ever since the...
hi everyone
a lot of you have been requesting this update and here it is. i hope i did not disappoint anyone with my analysis
i have to remain short term bearish but i am expecting it to make new highs down the road, it just may take a while and
a nice dip before that happens.
thanks for watching
Rigo
ENG
Currently, the price is in wave 2, ABC correction.
The correction phase I suspect to 9.20USD
Should the price fall below the 9.20USD would still be a support at 6.10USD to expect.
At 9.20USD or 6.10USD I expect the beginning of the impulse wave 3 which could rise between 44.10USD and 65.21USD.
My primary target is here at the 62.21USD, from there I expect...
AMRS rock-bottomed on April finishing a 3 Waves move to the downside, after that, it seems to me, it started a 5 Waves move to the upside with a positive increase in volume on the 3rd wave, right now we find ourselves in a 4th wave that could be already over, confirmation, in my opinion, would be if price can manage to break and hold above 16,29$, from there we...
AMRS rock-bottomed on April finishing a 3 Waves move to the downside, after that, it seems to me, it started a 5 Waves move to the upside with a positive increase in volume on the 3rd wave, right now we find ourselves in a 4th wave that could be already over, confirmation, in my opinion, would be if price can manage to break and hold above 16,29$ , from there we...
video on this coming tomorrow
ill be uploading a couple other videos on other charts at the same time so keep a lookout for those as well
take care and happy trading!
Rigo
Volume is needed to solidify breakout. My guess is that will begin on Nov. 3rd with a significant PR announcement involving Ingredion and will continue on Nov. 4th with a surprise earnings beat. I would anticipate a series of additional minor PR releases the following 10-14 days to include new supply deals/contracts and the unveiling at least two new hero...
Not technical analysis, long term play with stock and leaps into 2023, clean beauty leader. Huge upside with large risk, revenue is exploding, leader in the development and commercialization of molecules by fermentation. Not investment advice.
Ascending triangle, awaiting confirmation
Pros:
Descending volume during flag forming
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 7
250RSI above 50
200MA ascending
Target:
PT = 30.14$
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This asset has made 5 impulsive waves. Buy that dip at the 78.6 and below (in the green box) because this one has amazing potential in the long term
thanks
Rigo
if you missed the trade just wait it out
A downtrend takes time and multiple deep retracements to change the long term trend
so its possible we will revisit sub $5 on this asset at least 1 more time
please checkout my video on AMRS for a more in depth look.that analysis is still valid
thanks Rigo
Amyris, Inc. engages in the provision of bioscience solutions. It offers its products to health and wellness, clean beauty, and flavor and fragrance markets. The company was founded by Jack D. Newman, Kinkead Keith Reiling, and Neil Renninger on July 17, 2003 and is headquartered in Emeryville, CA.
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