AMA.AX (ASX)

AMA.AX ASX

Ama Group

STAY LONG

0.0580

Prev.Close

0.0590

Change

-0.0010

Change%

-1.69%

BEARISH MATCHING HIGH

Bought at

0.0600

Open

0.0580

High

0.0600

Low

0.0580

Loss%

-3.33%

Signal History

Date	Price	Signal	Change%		AUD100⇨
02/10	0.0600	BUY	-3.3%	❌	170
19/09	0.0600	SHORT	0.0%	❌	171
16/08	0.0460	BUY	+30.4%	✔ 👍	131
01/08	0.0500	SELL	-8.0%	✔	132
17/07	0.0465	BUY	+7.5%	✔	123
15/07	0.0461	SELL	+0.9%	❌	123
19/06	0.0370	BUY	+24.6%	✔ 👍	99
12/06	0.0372	SHORT	-0.5%	✔	99
05/06	0.0402	BUY	-7.5%	❌	107
29/05	0.0398	SHORT	+1.0%	❌	109
27/05	0.0420	BUY	-5.2%	❌	115
23/05	0.0420	SHORT	0.0%	❌	116
21/05	0.0415	BUY	+1.2%	✔	115
03/05	0.0532	SELL	-22.0%	✔	115
15/04	0.0461	BUY	+15.4%	✔ 👍	100

† Trade commissions are taken as 0.20%.

Pattern & Confirmation Chart for the Last 6 Months

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 02/10/2024, 6 days ago, when the stock price was 0.0600. Since then AMA.AX has fallen by -3.33%.

Market Outlook

The market is not a friend of the bulls anymore. The bearish signs are increasing and the odds for a downside breakout is significantly high. The share price is below the confirmation level of the last bearish pattern, but the signal is still suggesting to STAY LONG. The SHORT signal requires a black body whose close is below the confirmation level and the chance of detecting such a black candlestick is very high. The Delayed Intraday Module is ON. Given the high risk involved, following the price action on an intraday basis is now essential.

Pattern Description

This pattern occurs when two white days appear with equal closes in an uptrend. It indicates a top has been reached, even though the new high was tested and there was no follow through, which is indicative of a good resistance price. more...

Date	Price	Signal	Change%		AUD100⇨
02/10	0.0600	BUY	-3.3%	❌	1,307
19/09	0.0600	SHORT	0.0%	❌	1,312
16/08	0.0460	BUY	+30.4%	✔ 👍	1,010
01/08	0.0500	SELL	-8.0%	✔	1,012
17/07	0.0465	BUY	+7.5%	✔	943
15/07	0.0461	SELL	+0.9%	❌	945
19/06	0.0370	BUY	+24.6%	✔ 👍	760
12/06	0.0372	SHORT	-0.5%	✔	759
05/06	0.0402	BUY	-7.5%	❌	824
29/05	0.0398	SHORT	+1.0%	❌	835
27/05	0.0420	BUY	-5.2%	❌	885
23/05	0.0420	SHORT	0.0%	❌	889
21/05	0.0415	BUY	+1.2%	✔	881
03/05	0.0532	SELL	-22.0%	✔	883
15/04	0.0461	BUY	+15.4%	✔ 👍	767
27/03	0.0514	SHORT	-10.3%	✔	698
20/03	0.0542	BUY	-5.2%	❌	739
12/03	0.0541	SHORT	+0.2%	❌	743
07/03	0.0563	BUY	-3.9%	❌	777
05/03	0.0557	SELL	+1.1%	❌	778
28/02	0.0524	BUY	+6.3%	✔	734
20/02	0.0566	SHORT	-7.4%	✔	686
13/02	0.0568	BUY	-0.4%	❌	691
07/02	0.0620	SHORT	-8.4%	✔	640
31/01	0.0635	BUY	-2.4%	❌	658
15/01	0.0677	SELL	-6.2%	✔	659
11/01	0.0687	BUY	-1.5%	❌	670
08/01	0.0677	SELL	+1.5%	❌	672
02/01	0.0641	BUY	+5.6%	✔	637
28/12	0.0629	SELL	+1.9%	❌	639
19/12	0.0632	BUY	-0.5%	❌	643
11/12	0.0641	SELL	-1.4%	✔	644
04/12	0.0623	BUY	+2.9%	✔	627
28/11	0.0687	SHORT	-9.3%	✔	576
22/11	0.0751	BUY	-8.5%	❌	632
17/11	0.0762	SELL	-1.4%	✔	634
11/10	0.0352	BUY	+116.5%	✔ 👍	293
02/10	0.0372	SHORT	-5.4%	✔	279
28/09	0.0380	BUY	-2.1%	❌	287
25/08	0.1013	SELL	-62.5%	✔	287