Bullish potential detected for AMC (gap continuation play)Detected 03-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 03-May.
ASX:AMC represents a potential bullish opportunity should momentum continue and newer highs be made.
Entry conditions:
(i) higher share price above the day of gap-up (preferably along with swing up of indicators such as DMI/RSI) for a gap-continuation play.
Stop loss for the trade would be:
(i) below the support level from the low of the day of the gap-up on 2nd May (i.e.: below $14.97).
