$amrs long setupposting this as per a special request.
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took a peak at $amrs this evening, and i noticed something extremely bullish forming.
from the march low of 2020, we saw wave's 1-2-3 play out perfectly; hitting the corresponding algo targets wonderfully.
$amrs has been in a pretty nice area of consolidation up here working on completing wave 4 ever since the local peak of $23.
wave 4's generally take the longest time to play out, and usually appear very choppy by nature.
upon taking a closer look, i noticed a textbook ewt pattern playing out - an abcde.
these generally appear in wave 4's, and wave 5 almost always launches once the correction is completed.
triple bullish divergence on the 4h timeframe, and i have reason to believe that wave E of wave 4 is finally in.
Strict stop loss at $12.
Wave 5 target = $42
AMRS
Amyris impulse wave breakout from downward channel ENG/GERENG
Currently, the price is in wave 2, ABC correction.
The correction phase I suspect to 9.20USD
Should the price fall below the 9.20USD would still be a support at 6.10USD to expect.
At 9.20USD or 6.10USD I expect the beginning of the impulse wave 3 which could rise between 44.10USD and 65.21USD.
My primary target is here at the 62.21USD, from there I expect at the latest with an ABC correction to 26.08 USD.
The rise of wave 5 I see up to a maximum of 121.74USD
The red lines serve as resistance lines.
The green lines are the price targets
The orange lines are the support lines of the current correction phase.
Alternative scenario:
If the price falls through the 6.10USD I expect a rebound on the upper line of the trend channel, here I expect a final support to the upside, if the price also falls below here I expect further downward movement.
Amyris Ausbruch durch Impulswelle aus dem Abwärtskanal (ENG / DE)
Aktuell befindet der kurs sich in Welle 2, ABC Korrektur.
Die Korrektur Phase vermute ich bis 9.20USD
Sollte der Kurs unter die 9.20USD fallen wäre noch mit einem Support bei 6.10USD zu rechnen.
Bei 9.20USD bzw 6.10USD rechne ich mit dem Beginn der Impuls Welle 3 die ca zwischen 44.10USD und 65.21USD steigen könnte.
Mein Primärziel liegt hierbei bei den 62.21USD, ab dort rechne ich spätestens mit einer ABC Korrektur auf bis zu 26.08 USD
Den Anstieg von Welle 5 sehe ich bis maximal 121.74USD
Die Roten Linien dienen als Widerstands Linien.
Die Grünen Linien sind die Preisziele
Die Orangen Linien sind die Supportlinien der Aktuellen Korrektur Phase.
Alternatives Szenario:
Fällt der Kurs durch die 6.10USD rechne ich auf einen Rückfall auf der oberen Linie des Trendkanals, hier rechne ich mit einem letzten Support nach oben, fällt der Kurs auch hier drunter rechne ich mit weiteren Abwärtsbewegungen.
AMRS - Bullish Momentum. Earnings ComingAmyris, Inc. is an industrial biotechnology company, which engages in the provision of bioscience solutions. It focuses on the research, development, manufacture, and sale of fuels and farnesene-derived products. Its products include cosmetics, flavors and fragrances, performance materials, diesel, jet fuel, and lubricants. The company was founded by Jack D. Newman, Kinkead Keith Reiling, and Neil Renninger on July 17, 2003 and is headquartered in Emeryville, CA.
SHORT INTEREST
10.67M 07/31/19
P/E Current
-1.02
P/E Ratio (with extraordinary items)
-1.15
Pioneering the Monthly Slingshot on AMRSAMRS has a lot going on, one could make a case for several patterns, but on earnings, it helps to scope out and look for the plays that can post big moves. This leads to profitable options trading opportunities. I usually take my own advice and straddle when I find the big movers, but when you pioneer a pattern called the slingshot you hammer calls, slam beers, and dial in after hours.
Two other earnings plays after hours I'll be straddling are $PLAY & $CALM (opposites attract).
NASDAQ:AMRS
AMRS Gap FillFading the gap on this bankrupt company. Unless they made a miraculous turnaround, they're headed to zero.
Declining revenue, loss every quarter, negative book value. At one point this stock was at $500.
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Big selloff by majority owner Temasek.
large downturn
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Long AMRS above 0.41AMRS bullish above 0.41 but must take out 0.54 to continue run towards 0.68 first 0.81 next. Break above 0.81, 1.08 comes into play