Following my earlier post on AMKR, it has broke down of the bear flag continuation patten.
Stan Weinstein's stage analysis shown that AMKR is engaging in Stage 2 downtrend.
1st profit target is around 8.63, failing to do that, it will plunge all the way to the channel support of 7.33 which coincide with the breakaway uptrend GAP back in May.
Stay in short, the downtrend is shortie's friend
As the saying goes, let the trend ride the profits
Stan Weinstein's stage analysis shown that AMKR is engaging in Stage 2 downtrend.
1st profit target is around 8.63, failing to do that, it will plunge all the way to the channel support of 7.33 which coincide with the breakaway uptrend GAP back in May.
Stay in short, the downtrend is shortie's friend
As the saying goes, let the trend ride the profits
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.