Potential outside week and bullish potential for AMI
Entry conditions:
(i) higher share price for
AMI above the level of the potential outside week noted on 30th/31st January (i.e.: above the level of $0.20).
Stop loss for the trade would be:
(i) below the low of the outside week on 29th January (i.e.: below $0.17), should the trade activate.
(i) higher share price for
AMI above the level of the potential outside week noted on 30th/31st January (i.e.: above the level of $0.20).Stop loss for the trade would be:
(i) below the low of the outside week on 29th January (i.e.: below $0.17), should the trade activate.
Trade active
UPDATE (week ending 07-Feb): Trade activated Wednesday 5th February with above average volume and market recognition. Share price continued to ascend during the week whilst maintaining a price above the 10 and 30 day MA's. Charts suggest monitoring the market reaction of the share price against the breakout price (i.e.: the potential support/resistance of the breakout - $0.20).Note
UPDATE (week ending 14-Feb): Enhanced market recognition of share price movement achieved during the week with share price ascending further and closing above the 10 and 30 day MA's at the end of the trading week. Share price movement passed through two areas of potential support/resistance from the past that have not been tested from the upside previously ($0.21 from 23rd October 2024 and $0.225 from 11th July 2024) - charts suggesting watching these levels as potential support in the future. Note potential resistance of $0.265 from 26th August 2022 above. Consider raising profitable stop to $0.205 to align with levels noted above and the rising 10 day MA. Trade moved to 'further bullish potential' on the watchlist.Note
UPDATE (week ending 21-Feb): Share price closed above both 10 and 30 week MA's at the end of the trading week, even after release of quarterly activities report on Thursday tested the profitable stop noted in last week's update (which confirms the support level of $0.21 from 23rd October 2024). Charts suggest firmly raising profitable stop to $0.205 following this week's price action.
Detailed commentary/updates about trades (stocks, crypto & bonds) available:
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youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
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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.
Detailed commentary/updates about trades (stocks, crypto & bonds) available:
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
Like/join/subscribe for the latest!
...
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
Like/join/subscribe for the latest!
...
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.