AMSC 57% July rise AI tech ( chips) upcoming earnings LONG
AMSC has had a great rise since the beginning of the AI revolution. From the overlay of
the anchored VWAP this would be a VWAP breakout that closed the last trading day
with a correction pullback and then a bounce off the POC line of the volume profile.
The natural stop loss for a long trade is directly under the POC line. As a strong bull run stock,
the MACD just showed another line cross above the histogram. Amplitudes are rising. This
sector is scorching hot. Some will call it overextended and overvalued. Buy weakness - yeah for
sure unless its going to get worse. Buy strength when you determine the probability that
it will go higher. This long trade will not wait for me. I will take it and be watchful
for signs of reversal. I do not think that I will see them anytime soon. With earnings coming
this week and trader interest peaking. I will jump in here and watch for good action.
To be safe I will take off part of the position before the earnings.
the anchored VWAP this would be a VWAP breakout that closed the last trading day
with a correction pullback and then a bounce off the POC line of the volume profile.
The natural stop loss for a long trade is directly under the POC line. As a strong bull run stock,
the MACD just showed another line cross above the histogram. Amplitudes are rising. This
sector is scorching hot. Some will call it overextended and overvalued. Buy weakness - yeah for
sure unless its going to get worse. Buy strength when you determine the probability that
it will go higher. This long trade will not wait for me. I will take it and be watchful
for signs of reversal. I do not think that I will see them anytime soon. With earnings coming
this week and trader interest peaking. I will jump in here and watch for good action.
To be safe I will take off part of the position before the earnings.