38c is the cup and handle target - but this could easily stretch...

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17/03/25

14:38

Post #: 78295871
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Originally posted by JoeSalami: ↑

Given the apparent structural rotation out of US Tech and SPX stocks underway, into EUR and Commodities (hard assets), when we couple this with the below price action on the weekly chart (retest of support on low volume and sustaining upward momentum on high volume), AMI's price momentum is higher probability of continuing its move up given the above.

Gold has hit natural resistance level at 3k, but the long candles suggest it is accelerating. Volume of Gold into the US from London have hit a record volume (interesting for a 'relic' asset) and the wait times have blown out. Copper price action is also suggesting momentum will continue to the upside.

The only headwind to watch out (outside normal risk management criteria) is any acute liquidity issues that will cause significant draw downs on all assets.With NDX and SPX trading under the daily MAs, its a good idea to watch consolidation underneath before downward continuation, which appears likely.

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38c is the cup and handle target - but this could easily stretch to 50c resistance within the immediate upcycle - to get past 50c though will be a tall order - short to medium term at least ! E

AMI Price at posting: 23.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 31.0¢		Change 0.000(0.00%)		Mkt cap ! $524.6M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
7	12899	34.0¢

Sellers (Offers)

Price($)	Vol.	No.
31.0¢	26086	4

View Market Depth

No.	Vol.	Price($)
17	144521	0.315
16	490599	0.310
15	296229	0.305
19	623027	0.300
9	252324	0.295

Price($)	Vol.	No.
0.320	318664	6
0.325	341753	7
0.330	325276	7
0.335	108955	2
0.340	53786	3

Last trade - 09.58am 16/06/2025 (20 minute delay)

AMI (ASX) Chart

38c is the cup and handle target - but this could easily stretch...

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38c is the cup and handle target - but this could easily stretch...

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