AMA has contracted to a point where the action is set to heat up

Potential Sell Alert

 

AMA – AMA Group Limited

Stock : AMA – AMA Group Limited

Current Price : 102.5

Status : On watch for Lower low

AMA has been holding highs around 1.00 for a while and has built some interesting price structure. We see price contracting over the previous months and is in a position to break out. We are biased to the downside and looking at the 1.06 as a major lower high. If price pushes below 1.00 then we will look for a break of 0.99 then a lower high to build for the sell entry setup.