Amigo part 5Mfi positive divergence forming, soon the share price will follow, aroon is definitely going to flip tomorrow so look out for a sudden rise and then we should expect a good run over the coming days.
AMGO
Amigo part 3Chart still progressing in line with expectations, macd now looking bullish and we have definitely broken above the upper trend line now, the aroon should flip soon and then it’s off to 20pps
Amigo chart 3 session part 2 Confirmation of a breakout above the range detailed earlier is encouraging, combine this with the aroon crossover progressing as expected means we are on track for a 20pps rally. Confidence now sits at 90% based on the chart. I have left the previous lines on to show that this is conforming to the chart pattern I have detailed
Amigo 3 session outlook If amigo holds itself within the trend lines we should see a flip of the aroon and a correction bounce of the mfi. This should result in an attack on 20pps.
A drop below the trend line will bring a bearish downward trend potentially reaching 10pps.
The overall assumption here is that we will see a strong rally with a 85% probability of 20pps within 3 trading sessions.
