Long
Volume needed to solidify breakout $AMRS
Volume is needed to solidify breakout. My guess is that will begin on Nov. 3rd with a significant PR announcement involving Ingredion and will continue on Nov. 4th with a surprise earnings beat. I would anticipate a series of additional minor PR releases the following 10-14 days to include new supply deals/contracts and the unveiling at least two new hero ingredients. In the interim $14.00 and $13.40 levels could be tested. Stop loss $11.90. Initial price target after breakout of $27.60.
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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.