RE:where is support .10, .08 ?I've been trying to formulize and document my technical process lately, because how I currently do this is a fairly fluid and organic process. if it looks like back of napkin methodology, I apologize.
I've been an underwriter in the past and following markets for over 15 years, take this as you will.
I originally purchased AMY back in Oct 2015 when it peaked at .05.
Here is what I have for Daily, Weekly and Monthly support and resistances.
| As of Close Sept 13 | | | | |
| Daily | | | | |
| Support | | | Resistance | |
| Lvl 1 | 0.13 | | Lvl 1 | 0.15 |
| Lvl 2 | 0.1 | | Lvl 2 | 0.17 |
| Lvl 3 | 0.08 | | Lvl 3 | 0.2 |
| | | | | |
| As of Close Sept 9 | | | | |
| Weekly | | | | |
| Support | | | Resistance | |
| Lvl 1 | 0.15 | | Lvl 1 | 0.2 |
| Lvl 2 | 0.1 | | Lvl 2 | 0.25 |
| Lvl 3 | 0.05 | | Lvl 3 | |
| | | | | |
| As of Close Aug 31 | | | | |
| Monthly | | | | |
| Support | | | Resistance | |
| Lvl 1 | 0.15 | | Lvl 1 | 0.16 |
| Lvl 2 | 0.1 | | Lvl 2 | 0.2 |
| Lvl 3 | 0.05 | | Lvl 3 | 0.25 |
| | | | | |
| | | | | |
| Daily Outlook for Sept 14: | Trade between .10 and .15. | |
| | If intraday price <=.13, likely retest .10. |
| | If daily price closes >=.15, likely retest .17 |
| | | | | |
| Weekly Outlook for Sept 12-16: | Trade between .15 and .20 | |
| | If daily close price <=.15, likely retest .10 daily support |
| | If weekly price closes <=.15, likely retest .10 weekly support |
Overall, I think we have to close above .13 to reaffirm any daily support in this range, otherwise we retest .10 until we close above .13 or .15.
We'll see what the rest of the week brings us!