AMC - Amur Minerals

Sorry just spotted the question...lol
123 lows is all about trying to catch the new trend breakout for me. If a share has been going sideways for a long time then that qualify for a potential 123 low for me.This was not an ideal 123 low breakout .But ideally its best formed after a down trend. You should also look at the history of the particular share to see if 123 lows have failed a lot as that also helps to see if the share is worth trading from a 123 low perspective.
Majority of my 123 low set ups are after a long down trend..
so you are right in what you are saying

longterm_view wrote: Remo,

Could you answer a question please, not wishing to question the master.

I thought a 123 low, should occur after a downtrend, not an uptrend, i thought lower lows were required?

This 123 low seems different from all others.

thanks in advance

trend line bounce would be a good entry point based on a first attempt trade.
This share is really volatile.

dl.dropboxusercontent.com/u/4899609/a7l27thjuly2015.png

I too have bben looking at a trendline, but its the down trendline, which has been resistance recently.
uk.advfn.com/p.php?pid=chartscreenshotsh...yNM=&symbol=L%5EGENL

The rsi looks to have broken out today, i think the price will follow tomorrow imho...
I think a move up to the 50 day ema @ 23.50p is possible here... followed by some profit taking..

Lets see..
Regards,
Trendfriend.

Added some more of these just now, on the gap close and test of the trendline...

uk.advfn.com/p.php?pid=chartscreenshotsh...B+SAUw=&symbol=L^AMC

Regards,
Trendfriend

Any thoughts on this one at the moment TF??

Looks to me as if it's fallen through the bottom of the falling wedge so likely sub-10p on the way but where will it stop?

TIA and with best regards,

Earl.

Hope your well Earl..

This looks to be in a downtrend atm and looks bearish... you can the consistent failure to break the moving ave's so i think this is best left alone...
The volume is also very low atm...

I think this is one to avoid for now at least, unless we get some kind buy signal..as its ok to scalp occasionally, just have to be quick

uk.advfn.com/p.php?pid=chartscreenshotsh...Xg=&symbol=undefined

Regards,
Trendfriend.