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Sep 27th, 2007 by Trader-11

AMMD has shown strong support at this level. A first resistance level is around 18.30. A stop would go below yesterday’s low of 17.02

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Posted in Stock Trading Class | 2 Comments

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on 27 Sep 2007 at 10:47 am1mark

I need improvement on my displays!
on 27 Sep 2007 at 4:16 pm2Tony Oz

A technical bounce can take place as RSI at 14 and showing oversold condition. Please note the weakness this stock present as it closed below the open 13 out of the last 14 days with not once closing at the top 15% of the trading range with a stretch of 11 days in a row it closed below the open. There is serious selling pressure there, but a rally can take place.

I realize that the trade setup you had was stopped out, but I first commented on the chart before I looked at your number for a stop.

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