AMS - Potential 50% drop

Price made an attempt to break out of the long term down trend but was rejected off of the down trendline back down to support at 0.49 with heavy volume, if the support at current levels breaks there could be a retest of March lows and perhaps lower lows. A short entry at 0.43 could be a valid entry point, one to watch for the meantime.

Kommentera:

Closed daily above the down trendline, potentially a good long opportunity for me up to 0.70 then assess from there, however be careful because there is still average volume, I like to see a break with an increase in volume as a further confirmation that the break is valid, but this one looks good.
not investment advice