AMBP is very close to break SMA 200 - extending its gainsAMBP shows strength. It is a continuation pattern and there is a high probability it breaks the SMA200 and continues further. If it manages to do so, then at least 6.60$/share could be a realistic target. Protect with a trailing stop of around 15%
AMBP trade ideas
Pull Back FishingSymmetrical Triangle.
Price is hovering at the resistance line.
Neutral until broken.
Short interest is 3%.
Ardagh Metal Packaging S.A. supplies metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine. The company serves beverage producers. The company is based in Luxembourg, Luxembourg. Ardagh Metal Packaging S.A. is a subsidiary of Ardagh Group S.A.
No recommendation
October Gainers (AMBP, account up 1%)First gainer in October is AMBP . Holding period is 7 days (9/26/22-10/3/22). Account up 1%.
This year, my account is up 74%, average holding period is 13 days.
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.