AMSC - Fallen angel pattern momentum Long from $3.58AMSC looking very interesting. It looking a strong fallen angel formation. It seems rock bottomed & now getting some strength. It also has strong insider buying. We think it has longterm upside potential.
* Trade Criteria *
Date First Found- August 16, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $3.58
Exit Target Criteria- Momentum
Stop Loss Criteria- $3.13 ot $3.31
Please check back for Trade updates. (Note: Trade update is little delayed here.)
1AMSC trade ideas
AMSC - Long - breakout continuationHi guys just thought i would share this one, i am away for the holidays so i wont be sharing much for a while. Throughout 2017 i will be focusing a lot on energy and micro power and amsc is a nice microcap stock mainly specializing in the wind turbine industry that i think can do quite well with earnings and revenue on the up. I bought a number of shares on the breakout which i will be hoping to hold for some time and I've recently triggered more long positions as we've bounced off resistance turned support and the 50 -100 dma's expecting a strong rally as we break the 200dma and i will be looking to book some profits around $10.50