AMC - based on divergence and volume, reforecast to $30 high
Guys based on how this is shaping up, I am having to reforecast again after a much more detailed look.
I don't think we make a new high here. I fully believe we are going into an upthrust after distribution phase and will not make a new high. We are already diverging on one indicator, and I have a feeling we will on two separate indicators. and we will likely see a sharp top to $30 or close to it, followed by a sharp decline.
I highly urge all of you to not buy into this rally.
Sorry for the back and forth on the ideas, but closer inspection warranted a review of the plan.
I don't think we make a new high here. I fully believe we are going into an upthrust after distribution phase and will not make a new high. We are already diverging on one indicator, and I have a feeling we will on two separate indicators. and we will likely see a sharp top to $30 or close to it, followed by a sharp decline.
I highly urge all of you to not buy into this rally.
Sorry for the back and forth on the ideas, but closer inspection warranted a review of the plan.
