Hello, attached is a trade for the company American Well Corporation. A classic upward move with SL safe with a very low loss zone and a fixed SL for those who can wait. The goal is to break through the red sales zone.
Good luck with the implementation.
AMWL and TDOC are highly connected, usually move together
This sector is still way under the 20,50,200 average on weekly frame.
On the other hand on daily chart we may star to see some golden cross soon.
“Wyckoff Volume Spread Analysis” show tightness in volumes
D+ recently crossed D- on the ADX signaling a change in trend. In addition MACD is indicating that momentum is increasing and the most recent candle closed making a Bullish Engulfing candle with heavy volume.
The close also broke above:
the descending (weekly) trend line
the 200 MA and also the the .78 Fibonacci level.
The confluence of these bullish signals...
AMWL made a huge plunge after massive double top
This stock has been making what seems like a rounding bottom.
Upside potential is around 20 -23 while if 9.5 could not support, there will be more downside
Purely my analysis
Market Cap: 2.4 B
Shares Outstanding: 242 M
Shares Short: 16 M
Short Interest(%): 7.65%
Avg. Volume (10 days): 2.3
Days to cover: 7
Ownership Breakdown:
Institutions: 42
General Public:31
Hedge Funds: 5.5
Individual insiders:16.5
Sum: 99.9% (
Option profile:
Total OI:
Put Call Ratio:
Put OI:
Call OI:
Highest Put:10
Highest Call:20
Max Pain: 12.5
Open Int...
THIS STOCK HAS SPECIAL FUMDAMENTAL AND TECHNICAL ANALYSIS DATA. THE PROJECT IS AWESOME SO GO ALL IN. UNTIL THE COVID ENDS,AMWL WILL GO TO 100 DOLLAR AT LEAST.
The price consolidated at the 11.92 level for a week or so after selling off post earnings. I like the gradual climb and the 2 most recent candles closing above the down trend line. The MACD cross last week and the RSI being nearly oversold looks good to me.
Targets: 14.44, 15.56, 17.17, 19.21
I am long AMWL
More than 50% below the January peak.
RSI, Stochastic and Williams Oscillator at the oversold point.
With the potential to return to $30 in mid-April (almost 40% profit at the current price).
Belonging to a growing sector.
NYSE:AMWL
no confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
$AMWL broke out of a bullish falling wedge and reached Target 1 today.
I still expect upside --probably after a pullback.
See my previous analysis here:
![AMWL: $AMWL | Bullish Falling Wedge [Update 3]](https://s3.tradingview.com/s/sVEWtIfq_mid.png "$AMWL | Bullish Falling Wedge [Update 3]")
