Just noticed some nice price action on $AMS which is a pretty familiar trader for me. It looks like it's made a lot of progress repairing trend and it's ready to do some stair-stepping toward a breakout.
The 1-minute today shows price just sort of quietly holding over VWAP & the short EMA's most of the day. It suggests we're not due for a single-candle squeeze because it means buyers are accepting higher prices.
On the 5-minute price has worked back up into the upper part of the recent range and is now hovering around the $1.79 area, which is a key improvement at a big local pivot point. It means $1.61 should now be a nice shelf.
The 15-minute structure is the most classic bullish story IMO. Higher low from the $1.25 bottom, then a higher base around $1.50-$1.60, and now the push to $2.00. It's not subtle.
The biggest signal IMO is that it's no longer just surviving above the lows, it's really challenging the upper end of a new range. That's by all appearances a huge upgrade.
Anyway, I'll update with levels later. Just wanted to get this called out before I get into traffic. Till then watch your levels. You don't want to lose the $1.60's and if you see a decisive break of $2.07 I think it's going to break hard and it has the structure to even sustain a prolonged uptrend.
More later. GLTA.