Short
AMRS - Garbage Until Proven Otherwise
Chart on request - I dont know anything about this company, and its a noisy chart so I might be wrong, but it just looks like another one of those perpetual short party charts.
Sudden pop then rejection and immediate collapse has all the hallmarks of an X - connective wave and if it is then there will most likely be another approximately equidistant or phi related leg down, - more likely equidistant that would take AMRS to $0.06 in 2030.
Rejection back through 50MMA is very bad news and also indication of X wave. Just as I said with other charts that only go down such as TNXP - it needs to consolidate above the significant MA to be worth a punt - in this case the 50MMA. And now it has fallen through there will be heavy sell pressure if it gets there again. Most likely it wont touch it agin this decade, but I might be wrong.
I'll remain open to the possibility this upthrust can be a wave 2 and its already at the 0.618 retracement tipping point. It really needs to move upward or sideways very soon if this is the start of a trend but i very much doubt it, it will just collapse back down.
Monthly RSI will see the low again I think.
Not advice.
Sudden pop then rejection and immediate collapse has all the hallmarks of an X - connective wave and if it is then there will most likely be another approximately equidistant or phi related leg down, - more likely equidistant that would take AMRS to $0.06 in 2030.
Rejection back through 50MMA is very bad news and also indication of X wave. Just as I said with other charts that only go down such as TNXP - it needs to consolidate above the significant MA to be worth a punt - in this case the 50MMA. And now it has fallen through there will be heavy sell pressure if it gets there again. Most likely it wont touch it agin this decade, but I might be wrong.
I'll remain open to the possibility this upthrust can be a wave 2 and its already at the 0.618 retracement tipping point. It really needs to move upward or sideways very soon if this is the start of a trend but i very much doubt it, it will just collapse back down.
Monthly RSI will see the low again I think.
Not advice.
Nota
Also now RSI trending under trendline = bad news Nota
Earnings coming up, really needs a good pop to keep the trend alive.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.