1AMT trade ideas
Technical analysis on AMTPrice moves that allow for a horizontal line to be drawn along the swing highs, and a rising trend-line to be drawn along the swing lows.
Ascending triangles are generally considered bullish and are most reliable when found in an up-trend.
The top part of the triangle appears flat, while the bottom part of the triangle has an upward slant.
BUY AMERICAN TOWER CORPHey traders,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. AMERICAN TOWER CORP is in a possible breakout upward push to come to go in the stabilization of zone above.
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AMT 4.5% to 13% gains possible this weekLooking for AMT to confirm the false downside breakout and roo-tail and push back to the 240 mark, with further upside to 260.
MACD divergence supports bullish outlook for the 5G service provider.
Enter upon confirmation of Friday's roo-tail. Stop: just below the roo-tail, Targets as mentioned above.
AMT a possible infrastructure playI suspect that the Phase 4 stimulus bill, which Trump wants to be $2 trillion dollars, will include some funds for the 5g rollout. That might benefit companies like Nokia and Ericsson, though I'd expect the US government to favor US companies in any contracts for infrastructure build. Thus, I'm looking today at American Tower.
On the hourly chart, AMT looks like it has some support from the 200-hour EMA. I'm buying here and setting my stop loss below the moving average.
Framing Your Chart Key to Understanding Behaviour - AMT exampleIn this video tutorial, I discuss how institutional traders and investors, "Frame a Chart"
Using AMT stock as an example working through multiple time frames and plotting channels and Linear Support & Resistance zones. Then using our Elliott Wave Indicator Suite to understand the behaviour of the current trend.
This method can be used on all asset classes and is part of my Daily routine
AMT: $258 <-- $0.60 | DNA of a Retirement Stockstart small below $1.0 or catch up with volume
if you missed the bus wait for a huge correction and get volume
at -50% discount
-
ipo rewards early global investors 300%++
then depressed back to -99%
a decade later rewards STRONG hands with (+20,000%)
with one major correction (-56%)
and series of minor @ (-16%)
AMT beating S&P 500 threefoldThis stock beats the hell out of the S&P index three times (roughly 20% since Jan 2019) had you bought it early this year.
In September, it peaked out at 241 and is now retracing nicely to the price zone of 203 before taking up further. That would be a nice buying zone.
If the price breaks down from 203, buying signal is cancelled.
LONG $AMT ~ LONG SETUP via SELLING PUT SPREAD ~ #OptionsTradingMETHOD: Long AMERICAN TOWER {price at entry ~ 215.60} via:
-2 VERTICAL AMT 100 (Weeklys) 27 DEC 19 220/212.5 PUT @4.20 ; !! may be tough to fill !!
Trading @ medium IV so going for a positive R:R play
Decay helps if price > 216 and hurts if below;
STRATEGIES: Using AMT day chart:
The 20/50 Mean looks set to make a green cloud after mean crossed.
The Fisher Transform line signaling an oscillation long.
TACTICS: The plan in terms of stock price:
STOP is price < 212
TGT1 220 to exit (5:3 Reward:Risk)
Consider exiting at 50% max profit ($840/2) or better
We may let the Fisher Transform and 20/50 mean together take us out technically for whatever we get win or lose.
Will update in comments,
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$AMT Long American Tower CorpEntry level $214 = Target price $226 = Stop loss $209
Short term trade will become more bullish on a break of the downtrend line.
Indicators are all turned bullish and the 200ma touch and reversal a buy signal.
Compnay has exposure worldwide and exciting opportunities from the upcoming 5G roll-out.
Company profile
American Tower Corp. is a real estate investment trust, which owns, operates, and develops multitenant communications real estate. It operates through the following segments: U.S. Property, Asia Property, Europe, Middle East and Africa Property, Latin America Property and Services. The U.S. Property segment operates in the United States. The Asia Property segment refers to the operations in India. The EMEA Property segment includes transactions in Germany, Ghana, Nigeria, South Africa and Uganda. The Latin America Property segment refers to the operations in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico and Peru. The Services segment offers tower-related services in the United States, including site acquisition, zoning & permitting services and structural analysis services. The company was founded in 1995 and is headquartered in Boston, MA.