Bullish and ready to commence a new trend Here's what I currently see for AMPL. Looks like we're about to leave the accumulation channel and try to close the gap at around $40.
AMPL trade ideas
Amplitude: 2021 IPO Comeback Kid $AMPL $COIN $SNOWDoesn't look like there are many buyers for $AMPL, a peer of $COIN $SNOW 2020-2021 IPO cohorts, though business results look promising in the long-term.
I'd say anything above $10 is a good entry for this as a long-term tech stock that can outperform in future cycles.
Amplitude Inc (NASDAQ:AMPL)
The 8 analysts offering 12-month price forecasts for Amplitude Inc have a median target of $17.50, with a high estimate of 20.00 and a low estimate of 15.00 . The median estimate represents a +32.28% increase from the last price of 13.23.
In the chart above, I have 3 bullish scenarios. All 3 are negated if the price drops below $10
As of now, it looks like there's still a lot of post-IPO sell pressure and aside from price defense at $10 late this year, not much new insti investor interest.
"We're so early!" - Famous Last Words
Amplitude might be getting ready to breakout. Hello Friends!
Amplitude has declined by 70% from it’s highs. Back in February analyst had a price target of $40 and $60 for 2022. Currently is consolidating and a breakout can have its eye on two price targets.
Target#1: $27.50
Target #2: $33.00
After $33 a gap fill opportunity to $40 might be an option. But at this point, one step at a time.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
Bullish Dragon Breakout on AmpltudeWe have broken back above a Bearish Trendline and are Springing back above the 1.13 fib extension while testing the Neckline of a Potential Double Bottom and the RSI is back above the 50 line. Best case scenario here is that this price action is followed by a major Retrace to the upside between the 61.8% and 78.6% Retraces.
2-11-21 Pullbackselling to decrease my risk, not worth it to hold right now. will reenter with 1/3rd before earnings
$AMPL is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $52,27;
stop-loss — $47,74;
take-profit — $65,86/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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