NASDAQ:AMRS came up on my stock screener as a likely candidate for a long bounce. The 14 day RSI was below 30, and the stock was currently sitting 5% above it's 20 day low. There are other ways of identifying a bounce, but this way is just as good as any other.
I started digging into why that may be and came across a sour earnings report after a positive spike...
I thought this was going to fall a while back, but this stock has surprised me. I was waiting or a good entry point. I go to the restroom, and see this LOL. Oh well......I will get them next time. Not jumping in now unless I see some real support.
Will be watching this morning panic looking for an entry around 3.20 to buy and get a nice bounce near opening nice post market panicking happening already this has bad news and the afternoon breakout is not justified very speculative and expect this the panic and bounce 10-15% I will be out massive short 63% of the float and 18% off outstanding shares. Old shorts...
Will looking for this to have a morning panic will be watching these key levels of support getting taken out 2.60/2.50/2.40 if they are getting taking out it is likely to be a pattern 4 here (cliff hanger) and there are 2 types who will help the bounce longs shook out and shorts cashing in with a short float % of 63% as of 13 March 2019
AMRS - pump and dump I see this possibly going further I will not be playing it overnight however I expect this to fall greatly with law suit action pending against this company will look for a morning panic with volume entry at last breakout point i predict this will bounce off 2.52 as longs get out of their positions
Since the appearant oscillation of the stock has begun to arise, there is great opportunity for the momentum of the stock to make a significant reverse into the bullish vicinity.
Not Investment Advice. For Educational and Analysis Purposes Only. (Be Diligenet and Stick To Your Trading Plan).
The channel says it all. I have seen crazier things happen. I have seen stocks up DOLLARS before the market close, then fall all the way back down. I will be watching this one tomorrow to see if there is momentum in the pre-market, and when the market opens.
AMRS has been on a downward spiral for the last couple of years, but within recent time thcompany is pledging towards creating an effective approach towards future advancements. While also presenting at the paradigm capital biosynthesis conference on April 15th in Toronto. (Source Yahoo Finance)
Not investment advice. For personal and educational purposes only....
Fading the gap on this bankrupt company. Unless they made a miraculous turnaround, they're headed to zero.
Declining revenue, loss every quarter, negative book value. At one point this stock was at $500.
I only follow two Indicators RSI and CCI on Weekly TimeFrame.
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Hey Traders, just checking in with a quick update on a potential US equity breakout. I like the way this is setting up on all indicators. Good price action, tons of potential return and limited risk. Cheers. Looking at entry at current level.