$AMX daily #chart #cupandhandle #stocks #trading
$AMX potentially breaking out from a year long descending triangle and C&H pattern
RSI at 59 currently with room to grow, MACD just crossing over and Histogram potentially turning positive
Check out the massive volume traded yesterday (6+ mil) , then check what the stock did in the previous sessions when similar volume has been recorded (pointed on the chart)
Potential target from the C&H pattern (T1) is around 17.50
Potential measured target from the breakout of the descending triangle (T2) is around 18.40
RSI at 59 currently with room to grow, MACD just crossing over and Histogram potentially turning positive
Check out the massive volume traded yesterday (6+ mil) , then check what the stock did in the previous sessions when similar volume has been recorded (pointed on the chart)
Potential target from the C&H pattern (T1) is around 17.50
Potential measured target from the breakout of the descending triangle (T2) is around 18.40
Trade active:
T1 reached
Congrats longs,
TA
Congrats longs,
TA