- My entry area is marked in green - Trendline resistance @ 13.50 area - Breakout of this trendline can send it to 14.80 area. - Watch out 'cause AMOC likes to do liquidity grab, so give it space to move.
I don't recommend buying until it gives a better sign, or testing 10.17 if it crosses down, will test the demand zone with a range of 9-9.4
Daily chart, AMOC is trading in a descending channel, and it seems a chart pattern will be formed - a flag / inside a triangle. After crossing the resistance (at 10.35 - 10.4), the target will be 12 and 12.6 , then some correction may happen at 12.6 before reaching the target 14.4 Stop loss below 9.6 to be considered.
AMOC, EGX, On daily chart, the support level is building up at 8 - 8.15 Crossing the upper channel line at 8.6 will push the stock to higher targets, 9.2, 10, 11
AMOC , on the 1-hour chart, is showing signals to move away up from the support level of 10 - 10.02 and the target will be 10.61 in 2 - 3 days. Stop loss at 10.0 should be considered.
AMOC is preparing to cross up 11 - 11.1, then the target will be 13.95 - 14 There are technical indicators including RSI; to support this view. Note: Stop loss level 10.6 (closing below for 60 minutes)
this is technical analysis for short term on hourly chart buy at 4.07 target 4.47 stop loss 3.90
AMOC didn't break the support line at 8.0 LE I am expecting it to reach up to resistance line 10.5 LE if it breaks the 8.0 LE support line you have to get it back at the second support line at 6.5 LE.
Schiff Pitchfork The Schiff Pitchfork is a drawing tool used in technical analysis that is derived from the standard pitchfork. There are three basic components of a standard pitchfork. There is a center median line (trend line) as well as two more sets of lines above and below that median line. The additional lines are set a specified number of standard...
NEXT MARKET MOVE UP TO 2023 At the bold black line, a major area, At the orange line, a sub area WE CAN UPDATE AFTER BROKEN
AMOC UP 7 TO 23% SOON Please watch Alexandria Mineral Oils Company AMOC
AMOC reaches its support line in its uptrend and for buying opportunities now.