On the 1D chart, AMP is clearly within:
1. an ascending channel and
2. more recently, a symmetrical wedge.
As the candlesticks get closer to the tip of the wedge, strong volume is coming in, and I believe buyers will pop AMP in an upwards direction.
$0.92 - $0.95 may be a good range to take profits, as this is the range near the resistance line of the ascending channel.
1. an ascending channel and
2. more recently, a symmetrical wedge.
As the candlesticks get closer to the tip of the wedge, strong volume is coming in, and I believe buyers will pop AMP in an upwards direction.
$0.92 - $0.95 may be a good range to take profits, as this is the range near the resistance line of the ascending channel.
Note
Correction: **$0.092 - $0.095** may be a good range to take profits, as this is the range near the resistance line of the ascending channel.
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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.