Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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From: Jibacoa	6/19/2015 6:50:13 PM
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AMCN had a nice run this year.<g> Starting from the $2 level on April 7, it was able to reach the $7.63 on June 3 <g> However, after trading at $7.70 on June15, it started a donward move at a rather fast pace <g> Today it apparently found support at the $5 level and closed up 42.61% for the day on a volume of 23,273,799 which is about 12x its ADV, after receiving an offer to be bought at the $6 level from is Chairman.<g> Of course, those are the kind of 'transactions' that sometimes take place on those Chinese Cos. and that is why is always better to handle them it extra caution. <g> bigcharts.marketwatch.com It seems some people thought it could get back to the $10 level.<g> bigcharts.marketwatch.com Bernard

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