This morning AML touched the weekly/monthly trend line but failed to advance any further and drew a bear candle. You can still see my LONG marker on the chart. In the description I wrote that if the price does not form a double bottom but moves up above 43 (and stays above 200 EMA ) the LONG scenario remains valid and we can expect the SP to touch the trend line . The target price was reached this morning and I feel that the stock is a bit "overheated". It needs a rest (some consolidation). If the price fails to advance beyond the trend line in the next few days this will indicate that globally AML is still in a downtrend and one can expect a move lower.


Your task help me much
Have you sold your holding here? Any targets if it breaks the trend line over next few trading days?
Stanley968 Givingitago
@Givingitago, thanks for your comment! I only closed 1/2 of my position. Interest in the AML stock is high (it has been making the top of FTSE 250 by volume traded) and I'm riding the wave for now. I still expect a pull back and some better confirmation for the current uptrend to last but this is not a trading advice!
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