The AMOC stock chart presents a detailed technical analysis using various indicators and overlays. At the top, the Volume Price Trend (VPT) indicator highlights cumulative volume adjusted for price changes, indicating significant buying and selling pressures through its peaks and troughs. The Efforts vs. Results indicator below shows the relationship between...
Weekly chart, the stock is likely forming a broadening pattern. The price may test the lower support line at 4.50 - 4.40 Trading in this situation is not recommended as this pattern indicates uncertainty of the longer term direction..
COMI, MFPC, ABUK, ALCN, AMOC, SKPC, BINV, EGCH, & sugar are the main drivers for the fall. Traders' sentiment is to trade in strong balance sheets with solid fixed assets as well as avoiding trading in MYX:REVENUE stocks. EGX30 is heading toward 26,600 points to end this correction or the correction will end as soon as FLOATING the EGP.
- My entry area is marked in green - Trendline resistance @ 13.50 area - Breakout of this trendline can send it to 14.80 area. - Watch out 'cause AMOC likes to do liquidity grab, so give it space to move.
Daily chart, AMOC is trading in a descending channel, and it seems a chart pattern will be formed - a flag / inside a triangle. After crossing the resistance (at 10.35 - 10.4), the target will be 12 and 12.6 , then some correction may happen at 12.6 before reaching the target 14.4 Stop loss below 9.6 to be considered.
AMOC, EGX, On daily chart, the support level is building up at 8 - 8.15 Crossing the upper channel line at 8.6 will push the stock to higher targets, 9.2, 10, 11
AMOC , on the 1-hour chart, is showing signals to move away up from the support level of 10 - 10.02 and the target will be 10.61 in 2 - 3 days. Stop loss at 10.0 should be considered.
AMOC is preparing to cross up 11 - 11.1, then the target will be 13.95 - 14 There are technical indicators including RSI; to support this view. Note: Stop loss level 10.6 (closing below for 60 minutes)
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