3SOF

I was looking at the intraday chart for AMEP this morning and this is something else I saw.  What you see is a symmetrical triangle which is usually a continuation pattern.  If it "continues" the previous trend that would be up. 

I drew a horizontal line at the top and bottom of this triangle as well to show a possible bounce zone or if broken a very strong trend zone.

Lets see if AMEP gives us a gap.

so lets see if we can bounce and beat the head and shoulders break 

hhhmm, .047 , is this a good entry point?
maxi

Now, looking at the chart even if it goes up significantly.. would that still be a G-pattern?
I mean, usually the 3rd bar doesn't go in half the body of the second one, right?
BTW, MSGI has a MAJOR breakout..

Quote from: OneStockMind on September 23, 2005, 10:08:15 AM
Now, looking at the chart even if it goes up significantly.. would that still be a G-pattern?
I mean, usually the 3rd bar doesn't go in half the body of the second one, right?

its the daily G that is most important(that one is very much intact).. 

Quote from: rickjust on September 23, 2005, 10:00:52 AM
hhhmm, .047 , is this a good entry point?
maxi

think so.. just put in a nice stop maxi 

thanks,
it just hit my buy price,
max

I'm trying out some NVTL long right now for a daytrade.  It just broke out on the daily chart and has a nice intraday formation.

well i got knocked out of NVTL.. i swear they were gunning for me 

AMEP is hanging around.  Lets see if it canbuild something off of .046 bottom.

Dont tell me I didnt tell you yesterday! 

AMEP as a nice ascending trend line from 3 days ago, this could be the support IMHO
Any comments?

AMEP broke the .046 bottom, which really activates the head and shoulders pattern.  The question now is will it jump right back creating a fakeout? or will AMEP stay down.  I'm sticking with the shares I have left(which is 40% of my original position, sold 60% yesterday). 

Quote from: phabrux on September 23, 2005, 11:08:33 AM
AMEP as a nice ascending trend line from 3 days ago, this could be the support IMHO
Any comments?

I'll check into that 

Elite technicals only stand correct up to a point. Beyond that there is valuation that drives a stock. As you can tell from my signiture I think AMEP is worth $30 Mil. But nothing can go straight up.

I still think AMEP in long term will cross 10 cents. But there needs to be some kind of news about the rig becoming operational. Dont solely base your judements on technicals.

just my 2 cents!

Listen, AMEP_MM people need to post their reasons for what they say or you end up having no integrity.  You just posted a reason thats great but yesterday you did not.

Technicals told me that the probability that this stock would be in the low 4s yesterday was baloney.  Technicals showed the possibility of a downward move today due to the triangle break and the head and shoulders top.  Thats up there for the record.  Technicals don't show everything but they nailed every single move on this one.

my 3.5 cents!

AMEP Resistance line from tree day ago could serve as support level, 0,0405$ Maybee?

I said there will be opportunity to load up in low 4s. I didnt say it will be on Sept.22nd. I said sell off before close on thursday or from the open on friday.

Anyways that doesnt matter. I hope everyone makes moeny here. If anyone here happened to have bought this above the current levels you just need to wait a bit longer. It's just a matter of time.

I will be back I just dont know when yet!