AMSC Bullish TradeHere is how I would handle this trade.
Pocket pivot on high volume is a good sign.
I look to sell half first because the base was deep so it may not clear the previous high!
AMSC trade ideas
My Watchlist: AMSCAMSC, which recently had high volume and now has a setup signal. I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(1). If triggered, I will then place a stop-loss below (2) and a price target above it (3). Wish me luck!
Technicals look good on $AMSC1. Above the centre EMA
2. Divergence on MACD histogram
3. MACD lines look good
4. Positive volume after the top from 17th July
Lets see if NASDAQ:AMSC keeps the momentum going.
What DO YOU THINK?
AMSC Computer medium cap beats earnings LONGAMSC 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.
AMSC, 5/30-5/30, 10% PROFITAMSC (AMSC) reported earnings of $0.02 per share on revenue of $42.03 million for the fiscal fourth quarter ended March 2024. The consensus estimate was a loss of $0.06 per share on revenue of $36.75 million. The company beat consensus estimates by 133.33% while revenue grew 32.40% on a year-over-year basis.
5/29/24 - $asmc - sidelines, too much risk in this tape into EPS5/29/24 - vrockstar - $asmc - just added to my energy watchlist b/c the growth here L12 months q by q has been pretty impressive. stock has reacted to a lot of this, however, obviously. so $500-$600 mm valuation on $150 of sales is 3.5-4x sales (b/c profitability still scaling), which a. for this cap and b. those non software margins is quite frankly too much to take a position. add to this last time this year the seasonal quarter was a big revenue miss. i'm not close enough to know how much seasonality should be incorporated here, the bogey doesn't look *easy* per se (or difficult either based on recent trends). i'd prefer to keep this on my radar and get a greedier entry, however my bias here is more long than short in the MT/LT. hard enough to own larger caps with similar 20% growth trajectories and profitable - which is where the first bid will come in (generally) and in a risk off environment, these are the caps that get dropped fastest b/c liquidity, valuation/ rates etc.
Playing the Superconductor hypeSeems like LK-99 is coming back around so it's time to watch AMSC
My guess is in a week or two price starts picking up and we get another big move
Position early while protecting downside is all we can do
AMSC MonthlyHaven't followed the developments of the company so mostly a pure-technical call. Monthly cup+handle patterns with targets in highlighted areas. Ignore timeframe, purely for graphical purposes.
Superconductor's Super R:RI like to say that spot (stock) is a superpower.
Trading options over the past few years has taught me a lot about being right at the right time AND being wrong at the right time.
If our absolute cutoff is $7.95 then it gives around -10% downside ignoring fees.
The play isn't soley based on the chart or the hype around LK-99.
It has to be on the overly pessimistic attitude of the average individual who has run across this story and now is convinced it's over because they say so.
They have bias, and perhaps so do I.
Managing risk while maintaining an optimistic view of the future is what excites me most about being in these markets.
$AMSC - Electricity Shortage?After some news, price is settling down. Can be a quick play if it breaks out the $9.50ish mark.
American Superconductor - Floating Crystals, Floating CandlesThe new rage on financial social media is that a new room temperature superconductor has been discovered, and appears to be replicable in labs.
This is significant because superconductors normally have to be either really hot or really cold during their operations.
So, AMSC has Superconductor in its name and is naturally pumping, and has been since May.
The biggest pump was August 1 at 60%, spurred on my a lot of social media chatter, especially in Korean and Chinese.
Greed in the markets is already at extremes, people are convinced new all time highs on indexes are as good as in the bank, and it's very dangerous.
Moreover, you're dealing with hidden geopolitical risks from a Chinese Communist Party being on the edge of collapse that's guilty of the 24-year-long persecution and organ harvesting genocide of Falun Dafa meditation's 100 million practitioners.
And people want to long the top on stuff that's already up 400%+.
The world truly is an asylum.
And look at the monthly bar this has produced with people longing a daily range between $14 and $17.
The weekly candle looks more sane, because at least we're on Tuesday, but it still shows that this swing may have already topped.
So, here's the thing about the fundamentals of this kind of trade:
1. The Superconductor discovery right now is a piece of lead apatite crystal that is capable of majority levitation and diamagnetism when placed on a magnetic plate.
2. The crystal has been made by students in a lab using a paper from Korea.
3. It looks like a little piece of graphite/charcoal. Unless you put it on a magnetic plate, it doesn't even float.
4. Let's say the crystal is truly revolutionary, how many years away from it making its way into a sellable product are you?
5. Why would you think American Superconductor Corporation is going to be the one who licenses something disruptive?
6. Wouldn't TSM, Intel, or AMD, or some Elon Musk/Peter Thiel/Sam Altman-type venture be the ones to steal it?
7. The stock has already quadrupled in price
8. At Tuesday's close, the market cap is $488 billion
9. Look at their earnings results: they bring in $25 million in revenue quarterly
10. Next ER is August 9 post-market. Can you maintain a $500 million market cap when they report $20 million in revenue and the CEO tells investors and banks on the conference call that they aren't going to be able to profit from the discovery?
In essence, you're kind of dealing with a real corporation that's being subjected to something of a Bed Bath and Beyond-style pump and dump.
And this is at a time when greed in the markets is already extreme. People are longing the top on things like Palantir and SOFI without second thought and gettin' paid daily.
Yet the United States credit rating was downgraded today after the Treasury said it wanted to issue another $1.8 trillion worth of debt, and now the Nasdaq and the SPX are gap down on Wednesday futures open.
I discuss this here:
SPX - The Sound of a Shattering Iceberg
I actually think there's a long trade on ASMC over $20 before the hypenstein is over.
But if you don't see it manifest at market open Wednesday and prices lower than $13.31 are traded as the indexes drive a lot of things down, you're probably going back to $10 first, which is just horrific for top longers.
Take a look at the five minute chart.
Tuesday market close was either a big buy or 45 minutes before market close was a big short.
You have to decide for yourself. But sell the news, man, is really a piece of wisdom.
After all, implied volatility is so high that an August 18 at the money call is $4.10, on a $16 stock.
That's a lot of premium and the options sellers just absolutely love your exit liquidity.
AMSC 57% July rise AI tech ( chips) upcoming earnings LONGAMSC has had a great rise since the beginning of the AI revolution. From the overlay of
the anchored VWAP this would be a VWAP breakout that closed the last trading day
with a correction pullback and then a bounce off the POC line of the volume profile.
The natural stop loss for a long trade is directly under the POC line. As a strong bull run stock,
the MACD just showed another line cross above the histogram. Amplitudes are rising. This
sector is scorching hot. Some will call it overextended and overvalued. Buy weakness - yeah for
sure unless its going to get worse. Buy strength when you determine the probability that
it will go higher. This long trade will not wait for me. I will take it and be watchful
for signs of reversal. I do not think that I will see them anytime soon. With earnings coming
this week and trader interest peaking. I will jump in here and watch for good action.
To be safe I will take off part of the position before the earnings.
#AMSC potential resistanceBut given the peculiarities of the newly revealed option position, an even earlier price reversal to the south may occur.
Source: Boston Options Exchange
Possible Target for $AMSCNeed to hold the gap to continue strong. Reversal Divergence with gap could indicate a trend reversal signal!
AMSC - Bullish Breakout? Watch for it. Watch for break of $18. If breaks and confirmed break, could soar to $39 (estimate).
Amsc breaking out of a descending channel Price looks set to push higher after months of retracement.
American Superconductor gains +40% on 9xs average daily volumeOn 6/2/21 American Superconductor (AMSC) reported a Q4 March 2021 loss of $0.21 per share on revenue of $21.2 million. The consensus estimate was a loss of $0.21 per share on revenue of $19.6 million. Revenue grew 16.7% on a year-over-year basis. The company said it expects a first quarter non-GAAP loss of $0.17 per share or better on revenue of $22 million to $26 million. The current consensus estimate is a loss of $0.18 per share on revenue of $20.25 million for Q1 ending June 30, 2021.
breakout = $17.60
R3 = $16.72
R2 = $15.85
R1 = $14.98
pivot = $14.17
S1 = $13.36
S2 = $12.49
S3 = $11.62
breakdown = $10.81
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
American Superconductor earnings today @ 4:05pmAmerican Superconductor earnings are today at 4:05pm. My range is low $25, mid $29, high $33. American Superconductor Corporation is a leading energy technologies company. The company develops and sells a wide range of products and solutions based on power electronic systems and high temperature superconductor wires that dramatically improve the efficiency, reliability and quality of electricity during its generation, transmission, distribution and use. The company is a dominant force in alternative energy, offering grid interconnection solutions as well as licensed wind energy designs and electrical systems. As the world's principal supplier of HTS wire, AMSC is enabling a new generation of compact, high-power electrical products, including power cables, grid-level surge protectors, motors, generators, and advanced transportation and defense systems. AMSC also provides utility and industrial customers worldwide with voltage regulation systems that dramatically enhance power grid capacity, reliability and security, as well as industrial productivity.
3rd Quarter December 2020
Consensus =
EPS: ($0.20)
Revenue: $23.20 Million
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
AMSC Short Idea: At Parallel Top Trend line with bearish engulfAMSC is current at the top parallel trendline, extended from the lower previous pivot minima. 12/1 candle was a bearish engulfing and the low of that candle was broken 12/2. Look for a potential change in trend to the downside over the next few weeks/months.
Flag patternthis ticker is forming a flag pattern. I am waiting for a buy signal (breakout and high volume)
AMSC Aroon Indicator entered an Uptrend on July 28, 2020Over the last three days, I have detected that AMSC's AroonUp green line is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. I backtested this indicator and found 168 similar cases, 153 of which were successful. Based on this data, the odds of success are 90%.
