AMC - Amur Minerals

AMC daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...NqJddJG3UTCArupyA%3D

quite a few false breakouts and bull traps on this.

I'm not following any of the news here, but it just seems to keep going lower and lower.

Currently around 2.5p, showing a bullish divergence on the rsi, it could a sign of a bottom, i think with this we need a weekly close above the 20 and 50 day ema,, to be sure of some buying momentum before taking on the long side here.

atb, dyor, wdik
trendfriend

Amur daily.

I think buy this now, or cautious traders would wait for the higher high, or 1,2,3 low.

stops below the 2 for now, but move up quickly on a rally.

as always imvho, dyor, wdik
trendfriend

Stopped out of here....maybe should have banked soem on the spike in hindsight...

This could drop back now....possible consolidation taking place at around 4p area here....watching this for now....

dyor,
trendfriend

Stopped out of here....maybe should have banked soem on the spike in hindsight...

This could drop back now....possible consolidation taking place at around 4p area here....watching this for now....

dyor,
trendfriend

We were looking for a nice bounce and breakout of the trendline, to accompany the rsi breakout.....and we got exactly that...

Anyone who took this on, should be in profit now....

I think it may be wise to bank some at least, or move stops into profit, preferably under today lows, which would be just below the 20 day ema as well.

If this can stay above the 20 day ema, it has a good possibility of climbing above(and hopefully closing above) the 50 day ema line at 5.50p, and possibly even the longer term trendline.....but never a bad idea to bank some, and let some ride, as a free trade....

The rsi is now well placed for further gains, although today's candle is not very good, so lets see how this goes in the next few days.....
As long as the 20 day is not broken below, i think a decent upside move is possible.

atb, dyor.
Trendfriend.

Thanks TF

I think i'll join you in this one.