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AMC - broke above 12 yesterday on short term chart

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11 years 1 month ago #11861 by remo
This has recently hit the target of the rounded bottom formation at 12p. This was discussed before ,see link below.
The 123 low formation happened ages ago so there is not one there now.That happened at the break out of 4.2 p.
I wont buy at this level unless it comes back to support.

Strong support is at 9.76 and this maybe backed up by the trend line in the next few weeks.

support...9.76,,8.94(trend line)changes daily.,,,7.5
resistance...13.47,,,14,,,17.2,,,22.25

This needs to move sideways for a while to build strength ,right now cant see any thing clear to signal a new buy.



dl.dropboxusercontent.com/u/4899609/amur14thjanuary2015.png



This was talked about before here is the link.
chartsview.co.uk/general-trading/1215-amc-amur-minerals#11177
The following user(s) said Thank You: annes goal, Earlgreyhot

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11 years 1 month ago #11857 by Learning
Hi Remo

The ticker is AMC and the company is Amur Minerals trading on LSE. I'm not confident enough to post a chart but I'd like to see what the 'professionals' think! I'm hoping for approx 15p (61.8% Fib) sometime in the next few days but then again the final piece of the jigsaw could already be priced in :(
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11 years 1 month ago #11854 by remo
whats the ticker symbol for this company and where is it trading??

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11 years 1 month ago #11847 by Earlgreyhot
More long term, also looks like a recent 1-2-3 low breakout very recently (hit 11p or so back in early 2013). Perhaps a dash up to test 19 or so from late 2010??

Any views on this one TA-wise please guys?

(All the best for 2015 to all here.)
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