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TOPIC: AMC - broke above 12 yesterday on short term chart

AMC - broke above 12 yesterday on short term chart 14 Jan 2015 11:35 #1

  • remo
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This has recently hit the target of the rounded bottom formation at 12p. This was discussed before ,see link below.
The 123 low formation happened ages ago so there is not one there now.That happened at the break out of 4.2 p.
I wont buy at this level unless it comes back to support.

Strong support is at 9.76 and this maybe backed up by the trend line in the next few weeks.

support...9.76,,8.94(trend line)changes daily.,,,7.5
resistance...13.47,,,14,,,17.2,,,22.25

This needs to move sideways for a while to build strength ,right now cant see any thing clear to signal a new buy.



dl.dropboxusercontent.com/u/4899609/amur14thjanuary2015.png



This was talked about before here is the link.
chartsview.co.uk/general-trading/1215-amc-amur-minerals#11177
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AMC - broke above 12 yesterday on short term chart 13 Jan 2015 12:41 #2

  • Learning
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Hi Remo

The ticker is AMC and the company is Amur Minerals trading on LSE. I'm not confident enough to post a chart but I'd like to see what the 'professionals' think! I'm hoping for approx 15p (61.8% Fib) sometime in the next few days but then again the final piece of the jigsaw could already be priced in :(
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AMC - broke above 12 yesterday on short term chart 13 Jan 2015 10:02 #3

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whats the ticker symbol for this company and where is it trading??
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AMC - broke above 12 yesterday on short term chart 10 Jan 2015 09:19 #4

  • Earlgreyhot
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More long term, also looks like a recent 1-2-3 low breakout very recently (hit 11p or so back in early 2013). Perhaps a dash up to test 19 or so from late 2010??

Any views on this one TA-wise please guys?

(All the best for 2015 to all here.)
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