AMX 0.00% 42.5¢ aerometrex limited

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  1. YLJ
    819 Posts.
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    https://hotcopper.com.au/data/attachments/2887/2887347-95259ae32c0365d27c4757e009e09f40.jpg

    AMX breakout from a Descending Triangle to the upside (bullish despite the intrinsic nature of the pattern).
    Straight up through a significant resistance "zone"...
    Quite thinly traded (please beware) and I struggled to get an order in without continuously provoking further
    upside and am long a part position @1.27
    with a stop @1.20
    Don't imagine it makes it through the 200 SMA without a fight (also the measured target area of a smaller
    Descending Triangle within the larger pattern...)
    The measured Target is circa 1.48
    My "Buy" sentiment is general and I personally would not enter without a pullback at this level...
    GLTA
    Last edited by YLJ: 09/02/21
 
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