AMSC, Wedge Pattern building Looking for a break on this stock. Wouldn't expect it to hold most of its gains for long either. Quick in and out...
Market insights
AMSC. American Superconductors Corp.Swing Trade
Entry Level $4.85 to $4.60
Sell at $7.38 to $8.10
RSI Looks Oversold
Major moves may take place on the 8th of August after earning.
Do not be TheoreticalThis is a double bottom or a triple bottom (1,2,3) or (a,b,c). This is not the school, this is not about being right, This is not a geometry class.
This is about recognizing a price pattern in real time and act accordingly without so much rhetoric, without the intention of persuading.
After my gentle introduction, let's concentrate in the main support around 3.00 and especially in the last two price bounces accompanied with a big volume because this launched the price up and broke the resistance line around 5.00 now the price is testing testing this resistance line and becoming in a new support.
Now I have two target ideas:
First a Swing trade with a target around 9.00
Second a Position trade without a specific target, because the trader he likes this idea can set a personal target based in your personal objectives and your risk reward profile.
This ideas are for long term investors that's why I use these (Weekly Charts with Ten years Horizon)
AMSC - Fallen angel pattern momentum Long from $3.58AMSC looking very interesting. It looking a strong fallen angel formation. It seems rock bottomed & now getting some strength. It also has strong insider buying. We think it has longterm upside potential.
* Trade Criteria *
Date First Found- August 16, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $3.58
Exit Target Criteria- Momentum
Stop Loss Criteria- $3.13 ot $3.31
Please check back for Trade updates. (Note: Trade update is little delayed here.)
AMSC - Long - breakout continuationHi guys just thought i would share this one, i am away for the holidays so i wont be sharing much for a while. Throughout 2017 i will be focusing a lot on energy and micro power and amsc is a nice microcap stock mainly specializing in the wind turbine industry that i think can do quite well with earnings and revenue on the up. I bought a number of shares on the breakout which i will be hoping to hold for some time and I've recently triggered more long positions as we've bounced off resistance turned support and the 50 -100 dma's expecting a strong rally as we break the 200dma and i will be looking to book some profits around $10.50
