NYSE:AMG Has formed a bullish impulse with a healthy correction and a lower degree impulse with a lower degree correction that is breaking out of the larger degree trend line! This is great confirmation of a trend continuation setup.
An inverted H&S pattern We are now experiencing the right shoulder which is a bullish phase Shown the bullishness with the bars pattern tool
Large 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
ABC/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 corrective wave for wave A. Wave C shows the final price move to...
Fast check-in, maybe too fast, may need to test again. Meantime nice engulfing
We 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.
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 current price level. AVERAGE ANALYSTS PRICE TARGET $112 AVERAGE...
Affiliated 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.
DAILY on a sideways consolidation breakout point at 112.23 initial support at 103.08
AMG has formed an H&S on the daily with indicators pointing down. Expect about a 2.5 RRR
After setting a new monthly high close of $200.43 on December 8th (note the negative divergence on the 10-day RSI), AMG put in four lower closes, setting up a potential "4x4 Retracement" signal on Friday, December 15th. AMG did not disappoint, closing up 2.3% on 2x average volume on Friday - signalling a trade entry for Monday.
RSI showing an overbought situation. Short entry to hold for a month.
Trying a new strategy with the MACD. Note the Lines I drew on the MACD. Watching reaction after it breaks that second black line on the MACD.
Watch the two green Lines on the RSI! If it breaks that top green line=====> BUY BUY BUY imo. Please provide thoughts and feed back if you have any! Thanks guys! -Quick note: anyone have any thoughts on my trend lines for the chart itself????
Wait for price action to break the green resistance line before entry. Rsi needs to break above ~61.9, look at the red line on the RSI. Consolidation around the area it is at right now seems to be around a Fibonacci level if we look at the last major run. Sorry I do not know how to draw Fib retracements on chart otherwise I would. Would like to see...
Signals double bottom potential flag Buy 145.00 Stop 139.44 Target 1-160.00; 2-180.00