<<AMSC.. tell me what you think.>>
AMSC long-time resident my AltEner Folder, Shack, and pleased to see her attract your attention.
She had a nice run on expanding volume in Jun-Jul, turning the 50dMA positive in the process, and slowing down the rate of descent of the 200d. Last week brought another good run up, with good volume again.....vaulting price from support at the 50d to up and over the 200d.
Quite a bit of R straight ahead.........first, at DT line thro' Jan and Dec '04 highs 12.25ish., and then 12.25-15ish congestion areas 2004. Much of latter on very light volume, however, and current heavier volume trend should facilitate fairly rapid cut-through of that R, and move on up to area of '04 highs - around 19ish.
I should mention that some may suspect her of forming an alluring iH&S over the past 6 months or so......I...with my innate, conservative, reserve on such matters (gg)...do not.
All in all, a well-behaved lass, Shack-o, with decent prospects, and would be pleased to see someone give her a good home......LOL |
