AMP hasn't hit these levels since 2006! Bulls are showing their hands so far:- Bollinger bands contracting, tighter volatility, but leaning towards the upper bands
- RSI showing a rising wedge like pattern, although steady momentum relative to the upper chart
- Risk reward for traders looks tempting
Looks good for a ST and LT trade.
Note
Rising wedge (4hr chart) has broken to the downside, bulls need to make a stand at these levels (hammer reversal or at least another doji).Trade closed: stop reached
Shorting
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.