AMC - Amur Minerals

support: 6.79,,,5.92,,5.19,,,4.5




dl.dropboxusercontent.com/u/4899609/amur7thmarch2017.png

This broke through the ichmuku cloud support a few days back as well so looking bearish, but currently fighting the 200ema so this needs to hold or else it will go down fast to the lower levels around 6p area.



dl.dropboxusercontent.com/u/4899609/2017-03-07%20%281%29.png

This is sitting at a critical point.
10 and 20 EMA have pierced below the 50 and the 200 looks vulnerable.
Am I right in seeing 5p as the next support below 7.5p.
Certainly, after this morning's RNS there may be little on the fundamental front to prop up the SP in the short-medium term.

invst.ly/3eayc

Topped up few at 8.1p

Morning folks,

Just a quick look here.
I'm looking at the 7.5p area being gap support, and the 200 day ema line just above at 7.95p
I'm think a intraday breach of that 200 day ema line, test of 7.50p before dome kind of a rally back up....

A trade at that level, quite possibly just a scalp....
stop below at 7p, but a close below that 200 day ema line on a eod basis would mean closing the trade out...

so long at 7.5p, stop at 7p, i think thats a worthwhile trade from a rr perspective.

atb, wdik, dyor,
trendfriend

Yes it has, i had my remaining position stopped out.......

I think a drop to around 7p looks possible? going to look to buy again around there imvho...lets see...
Unless it can climb back above the 50 day ema line again.....

atb, wdik, dyor,
trendfriend

SP breached the 50 day MA yesterday. Looking bearish.