AMS technicals (charting), page-65

not bad, it's a breakout from the flag, but not a powerful breakout. so I don't take much comfort from that. it poked its head below the pivot, but closed above. again, not much comfort from that. any headwind in tech might affect us, but we might not get sold down with the indices now that we have been taken out.

interesting takeaway for the faithful - the last two times the stochastic (13,5,5 setting) dipped into this level, we put on ~30%+. the second instance we put on 16% took a break and completed the move to $1.16 (missing my price objective target by 3c).

so applying ~30% from here gets us to $1.25-1.30, again confluence with that overhead resistance.

could be clutching at straws, but it is due for a run, cyclically, just noting the previous daily cycle spent more time going down than up, but it didn't fail (didn't dip below the previous low 1 Feb).

in summary, I personally think we should push higher here for a couple of weeks, let's see how much oomph it has.

dyor. imo