AMS @ 12 OCT 2021
Text me if you have any questions/comments for me.
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AMS
- First time doing a written analysis on AMS
- Has a history of sharp uptrends and steady retracements
- There was a long sideways movement that lasted more than 7 months (purple shaded area)
- Strong resistance at 1.80 levels (purple dotted line) that was created in Sep 2019
- Recent LHs have created a counter-trendline (blue dash line)
- A successful breakout with above average volume could present a buying opportunity
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of counter-trendline before plotting entry especially if comfortable with overhead strong resistance
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AMS
- First time doing a written analysis on AMS
- Has a history of sharp uptrends and steady retracements
- There was a long sideways movement that lasted more than 7 months (purple shaded area)
- Strong resistance at 1.80 levels (purple dotted line) that was created in Sep 2019
- Recent LHs have created a counter-trendline (blue dash line)
- A successful breakout with above average volume could present a buying opportunity
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of counter-trendline before plotting entry especially if comfortable with overhead strong resistance
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