Stanley968

Stanley968

Quick long trade of 2.5p level, possible breakout of a channel. Conservative target 3.5p

Stanley968

Historic support at ~130-131, looks like we're in wave 5. RSI below 30 on the Daily chart. First target fib. lvl 50% (~175) and wave A will most likely take us to the peak of wave 4 making it a nice 30% trade.

Stanley968

The AML stock had a very optimistic rally before Christmas. Although, vaccination's progressing at a decent pace, keeping the stock (and market) hot, the reality will creep in as indicated by a chart pattern. I always look behind the scene to get a better idea of risk / reward and atm I don't see any solid "buys" here. Most likely we'll find support at 50p (£10)...

Stanley968

The major support / resistance level at 34 held with bullish formations currently visible on all time frames, brent futures are up and "LONG" is written all over PMO! My first target is at ~43p level. Mid term we will most likely see a new maximum (since March) at about 60p. The 50 EMA should cross the 200 EMA within days confirming the end of June / July...

Stanley968

This morning AML touched the weekly/monthly trend line but failed to advance any further and drew a bear candle. You can still see my LONG marker on the chart. In the description I wrote that if the price does not form a double bottom but moves up above 43 (and stays above 200 EMA) the LONG scenario remains valid and we can expect the SP to touch the trend line....

Stanley968

When the SP started moving up and broke into LEVEL 2 (+ positive OIL news) hit ~34 and was rejected. Then we had a clear inverse head & shoulders LONG pattern but were rejected by the big gun once again. At the moment we're approaching the apex. On one hand we see that the buyers are very strong everywhere in the 20s and on the other hand, the sellers are...

Stanley968 Updated 

No signs of reversal for AML just yet.

Stanley968

March / April trend line still in play on 1h chart but expect the SP to decrease over the next few days as triple top with reducing peaks indicate weakness.

Stanley968 Updated 

SNR looks bearish on 1h chart but retesting 2009 lows is unlikely. The bottom must be very close now, 40-50 could be an excellent entry point.

Stanley968

After the inverse head and shoulders figure at the strong support level (green) the price went towards the gold trend line setting the new local maximum which is a good sign for bulls. Looking long with a target around 9600.