Text me if you have any questions/comments for me.
-----
AMS
- Previous analysis was done on 12 Oct (red arrow) -> suggested waiting for successful breakout of counter-trendline (blue dash line) before plotting entry especially if comfortable with overhead strong resistance (purple dotted line)
- Since then, the stock has had a failed breakout of the counter-trendline and fallen below the mid-term support
- Recent price action is not good and would constitute a structure break
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
-----
AMS
- Previous analysis was done on 12 Oct (red arrow) -> suggested waiting for successful breakout of counter-trendline (blue dash line) before plotting entry especially if comfortable with overhead strong resistance (purple dotted line)
- Since then, the stock has had a failed breakout of the counter-trendline and fallen below the mid-term support
- Recent price action is not good and would constitute a structure break
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
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.
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.