AMC - Amur Minerals

Hi Piatech,

I bought some here today at 9.89, my ave is now 11.14p

stop below the 200 and 50 day ema line, so at 5p.
amc. daily.(chart from yesterday)
uk.advfn.com/p.php?pid=chartscreenshotsh...nGM72y3CFdC70wlnY%3D

i think this should be ok it needed a p/b, and continue higher.
Having said that this is AIM, so one has to sensible, i will bank some on a profit here.

atb, wdik, dyor,
trendfrind

Just be careful of that bearish outside day candlestick from the 6th. Day late and a buck short on this one for you though!

Looks like it wants to test the 61.8% retracement (2.5p-16.5p) at 7.85p.
Could be wrong and 9.5p might hold.

Short term - this looks bearish in all time frames -daily, weekly and monthly
There is a massive bearish candle on the monthly chart

Resistance 15.250

Support 7.875, 5.50

Will buy back at sub 8p. Stopped out already..

What a bunch of bears we have here on CV!! lol....

I think RC and Bonobo are quite right, this could go to 7p and possibly 5p, but only if we get a 2 x close below 9.40p. (the 20 day ema line, and that number changes daily).
I'm not getting too bearish here, and this is still good mid to longer term imvho.

No EOD close below the 20 day ema line, no lower imvho. This could just be a intraday bear trap break below, so lets see for now......

Anyway i bought some more at 8.75p, but i'm just a bit loopy at times!!

wish me luck please!!

atb, wdik, dyor.
trendfriend