AMC - Amur Minerals

trend line bounce would be a good entry point based on a first attempt trade.
This share is really volatile.

dl.dropboxusercontent.com/u/4899609/a7l27thjuly2015.png

Sorry just spotted the question...lol
123 lows is all about trying to catch the new trend breakout for me. If a share has been going sideways for a long time then that qualify for a potential 123 low for me.This was not an ideal 123 low breakout .But ideally its best formed after a down trend. You should also look at the history of the particular share to see if 123 lows have failed a lot as that also helps to see if the share is worth trading from a 123 low perspective.
Majority of my 123 low set ups are after a long down trend..
so you are right in what you are saying

longterm_view wrote: Remo,

Could you answer a question please, not wishing to question the master.

I thought a 123 low, should occur after a downtrend, not an uptrend, i thought lower lows were required?

This 123 low seems different from all others.

thanks in advance

What are you canny traders looking at for an entry point here then?

I was looking at 12.75 for the bounce last time and that was achieved but I missed my entry due to the auction.

Maybe a trend line bounce again @ 12

Around 9-10 looking a target IMO

Any views appreciated!

This looks to be have bounced back above the 20 and 50 day ema, which is usually positive...
Its also holding above WS's 21/22 break and hold level...
Real strength will come if it can manage to 1,2 3, breakout @ 24.8p/ 25p area imho...
This area is also a resistance level....
uk.advfn.com/p.php?pid=chartscreenshotsh...TE%3D&symbol=L%5EAMC

Lets see...
Regards,
Trendfriend

nothing unusual going on here from chart perspective, a revisit to scene of the crime 9.6/16p after pumpo is quite normal, esp after hitting top chamber.

let make a base for a lift off again after refuelling ?

watch 21/22p for brake n hold

regads WS

Hi Seymour,
I have long term shares from various single digits that are safe in a drawer. I did also have several trade longs on IG which I thankfully banked profit at 38p.
I have not really looked to re-enter the short term long trades again until it got better de-risked - we are now back in that region again as you mention but not tempted to trade it again just yet.