Friday, January 17, 2020

AMPY Bullish - Update 3


We had a bit of a retracement today, but we closed over the 8ema, so we want to hold it. In fact, I wouldn't be surprised if it came down next week and tested the upper, down sloping, trend line, which coincides with the 200 sma, and the 20sma. These are under the 8ema but I'd be tolerant of that dip, expecting a bullish rebound after that retest. If it closes under the lower trend line, which is right under the 20sma, we'll have to dump it and see what happens next.

If you need to see what color lines are what, see my profile.

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