AAME - Middle Line TestMiddle line test leading to an upward move
An inverted H&S is present also which may be a indication of a trend reversal.
I expect a breakout of this almost horizontal, slightly rising, parallel channel.
AAME trade ideas
AAME - Daily chart - Buy scenarioLooking to buy some AAME if price should move as the blue arrow.
Requirements: Price breaks over Resistence area (red line), where i would buy on a retest of it
Target: Major Resistance area (upper red line)
Stop- Loss: None
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My General rules and approach regarding trading:
- I mark levels that i find interesting and set up requirements what price needs to do at these levels so i feel comfortable to take the trade
- What price does till its reaches my levels doenst matter to me, even if it takes days, weeks or even months or never at all (Alarms are set and thats it)
- For my entries i often use Strategies on smaller time frames and to increase my chances and profitability
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor.
Thanks for reading!
trader_se
🟢 $AAME Target 8.10 for 55.77% (Risk Level - HIGH)🟢 $AAME Target 8.10 for 55.77% (Risk Level - HIGH)
Open add order at 4.00
Or double position at 2.30
This has been a really long play… don’t join this one unless you’re crazy… however, I did post one that was similar the other day and it hit target a few days later… just be careful here… I’ll get my target… its just a matter of when…
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
AAME is ready to go back up.Trend line is holding and AAME is ready to turn back up. Its in the Bulls hands now.
Why $AAME soared in february?Atlantic American shoots up as tweets talk up stock
No specific news seems to account for the jump.
seekingalpha.com
$AAME Target 8.54 for 51.42% $AAME Target 8.54 for 51.42%
Or next add level is at 2.88
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
AAME Unique Swing Position-Low Volume Average, Low FloatAAME
Off scanner Play
Financials
Market Cap 92.68
Total Shares outstanding Below 25 million
Debt 30 M
Assets 354.99 M (1 to 10 )
Revenue Per Employee 1.27M
Free Cashflow 4.64M
On Watch
Broke out yesterday, moving on the pre-market scanner first thing. Former Runner, Low Float.
Volume note: Low volume except randomly no key catalyst on those days.
No apparent news to drive catalyst, financials for a penny stock, and former run is attracting me to this swing. Most financial stocks are trading lower vs this one.
Sector: Finance
Industry: Multi-Line Insurance
Atlantic American Corp. is an insurance holding company, which engages in the life, health, and property, and casualty insurance industries. It operates through the following segments: American Southern, Bankers Fidelity, and Corporate & Other. The American Southern segment operates in the property and casualty insurance market. The Bankers Fidelity segment operates in the life and health insurance market. The Corporate and Other segment is from external sources. The company was founded in 1968 and is headquartered in Atlanta, GA.
Could this be a rounding top? Could this be a rounding top, signaling a oncoming down trend? Looking at the pattern on a weekly chart, it seems that it may be the case as it's coming from a preceding up trend, so far lasting 3 months with bearish volume. Seems, a downtrend is coming!
AAME Head and Shoulders LONGAMME Long with a Head and Shoulders Strategy. It might be a bit too early to buy but sometimes the shoulder doesn't dip all the way before it rises. Please leave a comment with your thoughts!
Can be a good opportunity for to trade some shares of AAME.The price of the shares of Atlantic American may have a good chance of go higher. Since the price it out of the consolidation zone, can be a good opportunity for to trade some shares of AAME.
My sugestion:
Entry point: 4.48
Stop loss: 3.35
Profit target: 5.61
Massively oversold could rally to previous resistanceVolume over the last month and a half has been picking up from mid April through to present. Resistance (blue line) has been held for a very long time. As you can see RSI is showing a vastly oversold stock.
