$AMPY: Reversal coming (BULL Is about to take over.Investment Strategy: Long
Technical: Could see rejection of 200 moving average.
Technical Analysis: Seems like Double Botton.
Support: $7.1
Note: "Please note that the following information is for educational purposes only and is not intended as investment advice. It is important to conduct thorough research and seek professional guidance before making any financial decisions."
AMPY
Energy flashing a buy signal (Technical Analysis)AMEX:XLE
NYMEX:CL1!
NYSE:XOM NYSE:AMPY
Energy stocks, crude oil, and the XLE energy ETF all flashing buy signals. $100 oil looks invitable.
From failed moves come fast moves, and oil/energy stocks failed an attempted breakdown below the neckline.
A few favorite long ideas: $LPI, $AMPY, $XLE, CL1 (futures), $XOM
Ampy-Bullish This a company that will survive this pandemic and will see the highest oil prices on record in the coming times. Literally no put options on because it will be dumb to short something that is undervalued. It is understood debt levels are there but they are no where near the point to have conversations of bankruptcy. Made alot money on this stock. Its got heavty rise coming very soon. Hold time for day trade one month.