Download software Tutorial videos
Subscription & data-feed pricing Class schedule


New account application Trading resources
Margin rates Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

AMCC Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
wpalermo
Posted : Wednesday, June 02, 2010 10:33:17 PM
Registered User
Joined: 5/4/2010
Posts: 18
Hi folks
I'm not actually trading yet but studying alot of charts and came across AMCC. Thought I would run it by some real traders.
I am looking at a weekly chart and see a perfect head and shoulders bottom (head also formed a pretty good double). It should be at the breakout point but with the choppy market it is having trouble and has formed a symmetrical triangle on the daily and weekly. It is also struggling with some prior resistance and a overall industry that is falling? I would buy with any upturn in the industry and a close above the triangle?
Any comments?
allenbary
Posted : Thursday, June 03, 2010 2:03:49 AM
Registered User
Joined: 10/26/2005
Posts: 238

are you buy and hold, position trading, swing trading, or daytrading this stock? it makes a difference! if you are bullish on the market it might be a good pick for a longer term hold with the H&S and pennent.  But as a shorter term swing trade it fails as it is in a stage 3 consolidation pattern and not a stage 2 uptrend on the daily chart. IMO anyway.  AB 

Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.