Watching for price to gain momentumA bit concerned about the price action. As it seems to be in a downtrend but my hope is for a break above the descending triangle.
AMY trade ideas
Metals - AMYZFModel has given entry signals for American Manganese:
- American Manganese Inc., a metals company, focuses on the recycling of lithium-ion batteries with the RecycLiCo Patented Process.
- Lithium ion batteries are critical in the renewable energy industry.
- We are very excited about opportunities in the commodities sector, as we believe a macro turn is approaching in the nearest future.
- Technically in a Wyckoff accumulation structure with a spring, possibly testing the channel top.
GLHF,
DPT
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Rising momentum?Breakout: ~$1.50
Resistance: ~$1.40
Support: ~$1.30
Trend reversal: ~$1.20
30 min candle for monthly range - Weak buying pressure therefore it did not break above resistance with strength instead it retested support.
Price action continued above the 50 MA was a great indication for bullish momentum to continue forward.
Personally, watching for an increase in volume to test the blue line other than just watching for positive news. Cheers!
Would you swing for profit or hold it long term? Easy win?Not financial advice
OTC:AMYZF www.theglobeandmail.com
Exceptional product line with link to Tesla. Keep watch! Definitely not a stock to be traded but to hold LT especially if the lithium industry in relation to the EV market keeps growing but that is my option ;P
Not financial advice
Above 0.17 BULLISH - Double bottom Support & bullish divergenceBased on price congestion around this level I except a rise very soon above the t-line & 20ma, once that happens I will be placing a LONG here.
Next barrier will be the daily 50ma 0.18 to head higher.
American MaganeseAMY is a no-brainer, in my opinion. Private placement for $1.5mil secured at .25 per unit, allowing the option of purchase of 1 common share per unit for the next two years.
I really like the business plan, and Cobalt is hot hot hot right now with self-driving cars in the pipeline. I am hearing that each battery is $5,200 or so per vehicle. AMY has had great success so far in recycling Lithium batteries.
Technically speaking: the stock is battling at the 50day MA, and I expect a break here shortly with the next rush of volume. I am LONG here and I wouldn't be surprised if this one breaks a buck sometime this year, if it is not bought out by a bigger fish.
