AMC - Amur Minerals

Weekly.
4p next stop, below 4p > 2.5p

Anyone else think 2.5p should be a good area for long?

Regards,
Trendfriend.

Hi TF,

Yes very well thanks and hoping the same with you.

Thanks for the response also. I've attached (I hope!) a chart hereto with my crude approximation of the descending wedge that this just fell out of. Fingers crossed it's attached and openable!

KR,

Earl

Hope your well Earl..

This looks to be in a downtrend atm and looks bearish... you can the consistent failure to break the moving ave's so i think this is best left alone...
The volume is also very low atm...

I think this is one to avoid for now at least, unless we get some kind buy signal..as its ok to scalp occasionally, just have to be quick

uk.advfn.com/p.php?pid=chartscreenshotsh...Xg=&symbol=undefined

Regards,
Trendfriend.

Any thoughts on this one at the moment TF??

Looks to me as if it's fallen through the bottom of the falling wedge so likely sub-10p on the way but where will it stop?

TIA and with best regards,

Earl.

Added some more of these just now, on the gap close and test of the trendline...

uk.advfn.com/p.php?pid=chartscreenshotsh...B+SAUw=&symbol=L^AMC

Regards,
Trendfriend

I too have bben looking at a trendline, but its the down trendline, which has been resistance recently.
uk.advfn.com/p.php?pid=chartscreenshotsh...yNM=&symbol=L%5EGENL

The rsi looks to have broken out today, i think the price will follow tomorrow imho...
I think a move up to the 50 day ema @ 23.50p is possible here... followed by some profit taking..

Lets see..
Regards,
Trendfriend.