AMSC will be removed from the Active Trades category, after breaking out and running up for a 12% gain, it has drifted back below the entry level and thereby triggering a logical stop.
remember, this market continues to favor a quick, hit-n-run trading style, meaning that taking profits at the early targets vs. holding out for the higher swing targets is the preferred M.O. i also frequently mention the benefits of setting your sell limit orders slightly below your selected target area, as to assure a fill and [...]
AMSC has been basing for while between the blue support & resistance lines on this daily chart. a break above the upper blue line (resistance) would trigger a long entry while i may revisit this one later for a possible short entry if rejected here and prices pull back to the bottom of the channel. [...]