Amex Weekly Broke Out of From The Down Trend Line Taking Out Some Major Highs, Now The Market Has Retraced and Created A Bullish Engulfing Candle Stick Formation With A Counter Trend Line Break. On The Smaller Time Frame You Can See That The Market Have Retested The Weekly Candle Formation And Is Expected To Move Up Bullish, If the Market Decides to Fall More I...
- Selling pressure increasing based on volume. - Price bounce down from upper resistance line. - 3R profit potential on lower support line. - EFI tilting to below 0 - Stoch is overbought
Long position Entry: 17.02 Take profit: 17.12 Stop loss: 16.99 Ratio:. 3.33
AMX has stochastic divergence on channel support and bounced off the 200ema. This has reacted well in the past to stochastic divergence signals. At the end of June, the signal led to a 10% gain. Buy: 17.30 Target: 17.55 -18.29 (1.45% - 5.73%)
As a long term investor, I am thinking of adding the stock to my portfolio. Improving economies in south America, Europe might be the turn around for this stock
My Intuition and Consciousnesses Predicts where the Stock is Going, Don't Believe Just Watch.. NYSE:AMX
Pros: - Clear head and shoulders - High vertical distance - Nice volume contractions - Volatile stock - Average short interest (1.77%) - Rather close stop Cons: - Right shoulder is slightly higher - No clear longterm trend As you can see my suggested trade setup gives a risk reward of 2:1. If the stock behaves nice and breaks down, i think this is worth a...
we will wait for a confirmation into the retest of the broken resistance after than we will try to buy there
we will wait for a confirmation into the retest of the broken resistance after than we will try to buy there
Describtion is on chart ! good luck !
Earning is over, and the stock recovered but not out of the woods yet. The chance that it will fill the gap is higher, and this classic head and shoulders's bottom suggests a price measurement of 18% from today's close. If you are not already in this trade, make your stop loss at recent swing low at $19.50 area with target price $24.50-$25.50. Join us woowtrading.net
Daily chart may suggest a possible break above the descending trend line and temporary upside move, but over the long term there is a possible breakdown and sustained down-trend to continue provided price fails to push above $20.55 area towards $25 area to fill the gap that scenario seems very small and downside target $11 area more likely. Join us www.woowtrading.net