📊 AMER: Bears Remain Firmly in Control ⚠️
🔍 The Pulse:
AMER continues to show weak technical structure. 📉
The stock has confirmed a Head and Shoulders breakdown and remains in the BC correction wave. ⚠️
Although price reacted from the strong support area at 2.38 EGP today, the downside targets have not been reached yet. 🎯
The current trend remains bearish until the stock reclaims key trend resistance. 🔎
Any bullish reversal requires a break above the Head and Shoulders trend line and a return to the rising channel. 🚀
🧱 The Key Structural Boundaries
🛡️ Current Support, 2.38 EGP.
The stock reacted from this level today.
🎯 First Downside Target, 2.27 EGP.
The initial Head and Shoulders objective.
📉 Main Target, 2 EGP.
The expected completion area for the correction.
🚀 Recovery Trigger, Head and Shoulders Trend Line.
A breakout is needed to improve the outlook.
📈 Trend Confirmation, Return to Rising Channel.
The stock must reclaim the channel to restore bullish momentum.
🎯 The Verdict
AMER remains technically bearish.
The Head and Shoulders breakdown continues to dominate the chart.
Further downside toward 2.27 EGP and potentially 2 EGP remains possible.
A break above the pattern trend line and a return to the rising channel are required before turning constructive again.
---
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🔍 The Pulse:
AMER continues to show weak technical structure. 📉
The stock has confirmed a Head and Shoulders breakdown and remains in the BC correction wave. ⚠️
Although price reacted from the strong support area at 2.38 EGP today, the downside targets have not been reached yet. 🎯
The current trend remains bearish until the stock reclaims key trend resistance. 🔎
Any bullish reversal requires a break above the Head and Shoulders trend line and a return to the rising channel. 🚀
🧱 The Key Structural Boundaries
🛡️ Current Support, 2.38 EGP.
The stock reacted from this level today.
🎯 First Downside Target, 2.27 EGP.
The initial Head and Shoulders objective.
📉 Main Target, 2 EGP.
The expected completion area for the correction.
🚀 Recovery Trigger, Head and Shoulders Trend Line.
A breakout is needed to improve the outlook.
📈 Trend Confirmation, Return to Rising Channel.
The stock must reclaim the channel to restore bullish momentum.
🎯 The Verdict
AMER remains technically bearish.
The Head and Shoulders breakdown continues to dominate the chart.
Further downside toward 2.27 EGP and potentially 2 EGP remains possible.
A break above the pattern trend line and a return to the rising channel are required before turning constructive again.
---
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.