3 low points downtrend already shown and touched the lower band: 1.675, 1.53 and 1.41.
If the SP trades below 1.40, it will go to the next last support 1.32ish before a free fall. In the other hand, the resistance sits on 1.75-1.80 (a gap exists there). if this breaks, then the sp likely to fly high.
I am not a chartist, just learnt from my past trading.The classic example to illustrate: the heavy weight KCN. It is a living proof.
Anyway, this is just solely a personal opinion. I prefer GRY rather than AMX. more solid company.
Any feedback is welcome.
GRY Price at posting:
$1.42 Sentiment: LT Buy Disclosure: Held
