The chart looks good. I think we might have seen the bottom here. we should not fall below that down trendline on a daily base. with strong markets we could skip (1) and go directly to the 9,50 area. after that we should retest the resist at 8,70 area and climb to the target at about 11,50. from there it will be a bit more difficult as we meet the first fib resist.
A family member asked me, if he shall buy AMS at 38$.
My first look at the chart was just a "WOW", what an incredibly massive Head and Shoulders. I told him to short the market rather than longing it.
And what I recently understood... Even though people are able to short the market, people just love to long the markets and they mostly dislike to short it... Must...
2 times RSI below 30 stock went Up
AMS is a semiconductor company but is only going a down at the moment because of other semiconductor like Nvidia, but that has to do with Crypto mining.
Austrian chipmaker AMS, mainly known as a supplier of sensors for Apple's iPhone X, aims to expand further into the fast-growing business of making sensors for self-driving...
