AMSC Double Cup & Handle Breakout: Big Targets in Sight
American Superconductor (AMSC) is gearing up with not one, but two Cup & Handle formations, doubling down on its breakout potential.
Double Cup & Handle Power: The first Cup & Handle has already broken out with a target near $35. Now, the second, larger Cup & Handle breakout above $27 is setting sights on an ambitious target around $51—an 89% potential move if the momentum holds.
Bullish Channel & Momentum: AMSC is cruising up within a clean ascending channel, showing no signs of slowing. The SMA 150 is also catching up, suggesting a long-term trend shift could be underway.
Volume & RSI: Rising volume confirms the strength behind these moves, while RSI is flirting with overbought levels. A slight pullback wouldn’t be unexpected, but the bulls look firmly in control.
Bottom Line: With dual Cup & Handle breakouts, strong targets, and solid demand, AMSC’s chart is loaded with potential. This setup has serious momentum—one to watch closely.
Double Cup & Handle Power: The first Cup & Handle has already broken out with a target near $35. Now, the second, larger Cup & Handle breakout above $27 is setting sights on an ambitious target around $51—an 89% potential move if the momentum holds.
Bullish Channel & Momentum: AMSC is cruising up within a clean ascending channel, showing no signs of slowing. The SMA 150 is also catching up, suggesting a long-term trend shift could be underway.
Volume & RSI: Rising volume confirms the strength behind these moves, while RSI is flirting with overbought levels. A slight pullback wouldn’t be unexpected, but the bulls look firmly in control.
Bottom Line: With dual Cup & Handle breakouts, strong targets, and solid demand, AMSC’s chart is loaded with potential. This setup has serious momentum—one to watch closely.
Penafian
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