AMX trade ideas
can it be worse than 2009 for AMXAs a long term investor, I am thinking of adding the stock to my portfolio. Improving economies in south America, Europe might be the turn around for this stock
$AMX Buy Alert My Intuition and Consciousnesses Predicts where the Stock is Going, Don't Believe Just Watch.. NYSE:AMX
AMX Head and Shoulders 2:1 Short opportunityPros:
- Clear head and shoulders
- High vertical distance
- Nice volume contractions
- Volatile stock
- Average short interest (1.77%)
- Rather close stop
Cons:
- Right shoulder is slightly higher
- No clear longterm trend
As you can see my suggested trade setup gives a risk reward of 2:1. If the stock behaves nice and breaks down, i think this is worth a position. Let me know what you think!
Cheers
we are going up we will wait for a confirmation into the retest of the broken resistance after than we will try to buy there
we are going up we will wait for a confirmation into the retest of the broken resistance after than we will try to buy there
Inverted Head and ShouldersEarning is over, and the stock recovered but not out of the woods yet. The chance that it will fill the gap is higher, and this classic head and shoulders's bottom suggests a price measurement of 18% from today's close. If you are not already in this trade, make your stop loss at recent swing low at $19.50 area with target price $24.50-$25.50. Join us woowtrading.net
Double Moving Average Crossover (Bearish 50W/200W)Daily chart may suggest a possible break above the descending trend line and temporary upside move, but over the long term there is a possible breakdown and sustained down-trend to continue provided price fails to push above $20.55 area towards $25 area to fill the gap that scenario seems very small and downside target $11 area more likely. Join us www.woowtrading.net
