AMC - Amur Minerals

Tnx Remo..got in 25p yday....in ££s now

This is hard to do a reliable technical on. penny share and all




The trend line is the key to this . If that level breaks then this will head towards the 123 low break out point which is at 25.63 and this level will be good for a first attempt trade to go long at.
if your looking for new longs well , this would be way to risky from current levels, you need this to move sideways a bit before getting good levels forming. Just be patient as all the good entries have already gone. When a share springs into life like this its always hard to get good entries . You just have to be patient.

would expect a retrace to minimum 31, possibly 27 (fibs)

this is in a strong uptrend...
Shorts should only be attempted on break of 20 day ema imho... otherwise your playing against the trend

No position here atm.. i'm thinking of going long on break 37.5p(ish), as this could go as high 50p.

uk.advfn.com/p.php?pid=chartscreenshotsh...JQYvI=&symbol=FT^UKX

Stick to technical's imho...
Hope folks are having good Summer so far,
ATB,
Trendfriend.

Stevo999,

What is posted on iii should remain on iii.

I don't want to get into any arguments here but am quite happy to debate on iii.

I am not trying to be unpleasant or to upset anyone.

But I still stand by my view that this share is very overbought. It may rise further due to Technicals but it will not maintain the value for long.

I have closed my short and am waiting for it to be fattened up again ready for another go.

Good luck with your investment decisions.

Elena,
I see on iii that your comments are really somewhat unpleasant and seem meant to rile and upset people. Why do you do that may I ask?

Of course - from your post below I see that you are now short on this stock - so it is disingenious to make these posts to 'deramp' to try to improve your current Short stance. I am one for harmony and on iii you are 100% the opposite, especially when you are using the posts to your own end.

If you have a comment which suggests that you believe the stock will go downwards why don't you post politely (as I see you are able to on here) rather than try to goad people? Investing is a very personal game fraut with emotion - I don't understand why you take so much glee in upsetting people on purpose - apart from trying to get them worried and sell their shares to help your current short.

For clarity - I closed my spreadbet longs at 38p making very nice profit. I still hold rather a lot of physical shares from single digit prices. My decisions are not swayed by iii forum posts either by rampers or de-rampers. I thoroughly enjoy Chartsview and do not wish to start an argument or such like, as this is a very polite forum, but I felt I had to bring this up.

Your Short may well work out nicely for you - I wish you luck with your trading and investing and hope that you can wish others the same, even if they are on the opposite side of a trade/investment to yourself.

Best regards
Stevo999