AMX - short candidate below 180
Updated
- IF it closes below 159, I expect downtrend to start and accelerate below 150.
- Confirmation is needed, but if the overall market weakness continues, or if the relief rally pushes up to ATH, this would be a good value on the short side.
Trade active
Another path for breakout to ATH would be pullback at 180 maybe around 160 and push higher from there. No position yet, just watchingTrade closed: stop reached
ran my stop and just realized that weekly chart shows more strength...not ready to go long yet, but will watch for a flip to long side after better set up emerges. still favor pullback from double top to build above 170.
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