AMG - Large Inverted H&S Within ChannelAn inverted H&S pattern
We are now experiencing the right shoulder which is a bullish phase
Shown the bullishness with the bars pattern tool
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About Affiliated Managers Group, Inc
Sector
Finance
Industry
Investment Managers
CEO
Jay C. Horgen
Website
amg.com
Headquarters
West Palm Beach
Employees
3.95K
Founded
1993
ISIN
US0082521081
Affiliated Managers Group, Inc. engages in the provision of asset management with equity investment. The company was founded by in December 1993 and is headquartered in West Palm Beach, FL.
AMG - MegaphoneLarge megaphone structure
Price is positioned at the lower area of the megaphone which suggests that a move upwards may be in order
This bullish assumption is emphasised by the double bottom in white
AMG ABC/DEABC/ABC
ABC/DE
A 7.8M
B 6.7M
C (A) 11M
D (B) 3.1M
E (C) 8.2M
31thDec 1.8M... Target Hit the 191!
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 corr
Tested the support lineFast check-in, maybe too fast, may need to test again.
Meantime nice engulfing
AMG I think its going to break downWe should know this week where shes heading, I think its going to breakdown but Im going to wait a bit longer before make my position.
Insider buying in AMG signals undervalue and confidence From a technical perspective the chart is looking like a possible reversal is on the way, after suffering a 50% downside drop, it would come as a welcome relief for investors. The recent insider buying may be the catalysts for such a move as the put their money on the line and see value at the curre
$AMG BUYERS ARE BACKAffiliated Managers Group has hopefully completed a 4 year long correction, It has not been rewarding to its long term holders but there is signs of life once again. Buy volume and technical indicator point towards further gains and this stock could easily double.
Affiliated Managers Group, Inc.DAILY
on a sideways
consolidation
breakout point at 112.23
initial support at 103.08
#AMG #stock #shortAMG has formed an H&S on the daily with indicators pointing down. Expect about a 2.5 RRR
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