AMI following the laws of fibonacci well.
price at the lower band of the channel.
buy the support and hold on.
risk a small position for big gains.
we're all speculators now.
their is no REAL yield anymore.
Hey All, I took a Long position in AMI as it hit its trendline that's been in play since 2015 with the idea of Materials are all rising in price with inflation fears continuing yet most Material companies are at lows. With the Assets and earnings Growth expected buy this company hard to see why it was worth Sub $500 mill, so with the Fundamentals and Technical...
The price broke the down-trendline of the bull flag (red line) and has now formed a hammer candle, which is also right upon an up-trendline (green line) and a significant horizontal support level. Aggressive traders can enter when the price confirms the hammer candle (0.43AUD) or you can wait until the price closes above 0.485AUD (this would end the correction of...
AMI appears to be retesting support
I'd like any entry at 0.305 with a stop loss at 0.23
Could still be in price discovery though but nice upside if the support holds.
AMI sitting above weekly 200 ma,MACD still bullish with weekly RSI pos div. Popped out of daily resistance and back testing demand zone in green.
Watching for volume , dont want to see 0.39 break.
$AMI An exploration & mineral development co in gold, base metal & copper. It rose from $0.01c in 2015 to $0.99c in 2019 & retraced down to the 61.8% fib ($0.39c) which it tested on 3 occasions. It has just broken out of the trendline. A close above $0.53c will be bullish
Expecting this to explode up for another big cycle...depending on how it plays out I'm forecasting a top somewhere in the $1.5-1.60 area for now but I believe it will go much higher in the future.
i have been sitting out of the markets the past week with only few long term holds but, AMI resources seen incredible gains last year, but has since been falling after breaking its trend. the long term trend is still intact on the 1W and lines up perfectly with the 0.618 FIB.
