AMSC eyes on $40.18: Golden Genesis fib holding up new ATH

10 Tem

AMSC has been bobbing into a Golden Genesis fib at $40.18
Look for a Break-n-Retest to start next leg of uptrend.
Beware of a possible rejection for a high velocity dip.

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Previous Analysis that gave a PERFECT SWING trade:

Hit the BOOST and FOLLOW for more such a PRECISE and TIMELY charts.

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21 Tem

İşlem aktif

Houston: We have IGNITION! (yellow shaded area is from posting time)

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Closer look with notes

Multiple rejections by Golden Geneis said to look for a Retest Entry.
First Retest Ping entry failed, but the second Ping entry HELD well.
Hit first Target (TP) at $42.28, closed 25% of bag for 5% gains.

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What next?

Remaining 75% hopefully to be sold at next 3 TPs.
Looking for $44.51, 46.75, then stretch to 50.88
SL at BE for now, will start Trailing if TP 2 is hit.

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