So....I'm just throwing this out there to you fully devoted chart people for some discussion/help
I did a super simple screener this afternoon for lowfloat stocks that have okay liquidity. I think I need to screen more efficiently because I'm going to be looking at like 80 some charts tonight. Set my ranges pretty wide due to dat FOMO(fear of missing out)....
I stumbled across $AMRS and here is my first attempt at some tech analysis on profit.ly
Back on the 11th, this stock broke down from the 5.3 range and is now curling back up to maybe fill the gap or is it not a real gap because shares were traded on that dip??
Next question is....Is there okay risk/reward here??
There is a pretty sweet trendline right now going from the high 4.5s to the current level. If I just play off that line, then my max loss is only like 8 cents/share.
Where would you sell here?
The next resistance after 5 bucks is around 5.3, but then on the last years chart, we are curling huge all the way 8 possibly.
How long do I hold out for this pattern....I don't want to tie my money up too long right!?
The rest of the parameters on the Sykes Sliding Scale have me grading this thing at like a 70/100....so do I even trade it?
So many questions haha...What do you guys/gals think? Please help me get my learn on.