AMS was struggling to break the 50MA but today it has managed to do it. But is it a good time to FOMO and buy or it is a time to be cautious and wait for the buy signal? Lets dive deep into the TA.
Today AMS broke 3 milestones: 50MA, 0.236fib and turned the daily velocity positive. This to me is a good sign to open a small watch out position. If it manages to stay above 0.6 it can be a good sign to buy for long term hold. 0.66 will be key to break and it will open the gate to upper levels.
I will keep watching this stock for you and let you know when i enter or exit my positions.
Before buying anything DYOR.
Stay safe
Today AMS broke 3 milestones: 50MA, 0.236fib and turned the daily velocity positive. This to me is a good sign to open a small watch out position. If it manages to stay above 0.6 it can be a good sign to buy for long term hold. 0.66 will be key to break and it will open the gate to upper levels.
I will keep watching this stock for you and let you know when i enter or exit my positions.
Before buying anything DYOR.
Stay safe
