Long
#AMS - time to accumulate again?
Since the highs in March 2022, Angloplat has corrected almost 50%. I am starting to become interested in this chart on a medium term basis for the following reasons:
(1) Supported off 61.8% fib from Mar 22 and Mar 20 Highs and lows
(2) Rising channel support
(3) Has tended to consolidate under the 200WMA before reversing on a weekly time frame
(4) 200wma still trending upwards
(5) supported off September 21 horizontal lows
Remember this is a weekly chart so it could take some time to play out with the possibility of weekly consolidation in this zone, but ultimately I would bet on my chances of this resolving higher in due course.
(1) Supported off 61.8% fib from Mar 22 and Mar 20 Highs and lows
(2) Rising channel support
(3) Has tended to consolidate under the 200WMA before reversing on a weekly time frame
(4) 200wma still trending upwards
(5) supported off September 21 horizontal lows
Remember this is a weekly chart so it could take some time to play out with the possibility of weekly consolidation in this zone, but ultimately I would bet on my chances of this resolving higher in due course.
"If you do what you love, you'll never work a day in your life" - Marc Anthony
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"If you do what you love, you'll never work a day in your life" - Marc Anthony
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.