AMSC Computer medium cap beats earnings LONG
Updated
AMSC on the daily chart has went 3X in 7-8 months on the strength of earnings beats and
the tailwinds of the AI supertrend. I see this as an excellent swing long trade to hold into
the next earnings in 3-4 months. AMSC is currently at its ATH and going higher means no
overhead resistance.
the tailwinds of the AI supertrend. I see this as an excellent swing long trade to hold into
the next earnings in 3-4 months. AMSC is currently at its ATH and going higher means no
overhead resistance.
Trade active
Nice 9% move from the entry. Stop loss reaised to 2% above break-even. Now a risk free trade with full position. Will raise stop loss 1% daily to lock in a daily average profit if it of 1% per day.Trade active
Another solid move- stop loss reaised to 4% above break even. Full position.Note
Price advances more than 6%. STop loss changed to a trailing 5%. Full position.Easy management. Will take a 20% partial upon reaching 20.
Trade active
Price climbed higher over 20. Partial taken. Looking for more staying patient.Trade active
Price appears ready for another leg higher. Adding back into the long trade.Note
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