[Premium] Trade Of The Week

Amber Enterprises recently broke out to new all-time highs and is consolidating above its early 2020 highs and our former price objective near 1,685. Momentum is in a bullish range and prices continue to trend higher, so now that our risk is well-defined we want to get involved.

Click on chart to enlarge view.

As long as prices are above 1,685 in Amber Enterprises, we want to be long with a 1-3 month target near 2,345.

I also wanted to note NMDC Ltd. which looks ready to head higher. As long as prices are above 78, then this failed breakdown and bullish divergence remain intact, so we can be long with a 6-12 month target near 135.

We'll be following up with other stocks like NMDC Ltd. which have struggled but look ready to move higher in the coming days.

For all of the stocks we want to be buying and selling, make sure to review our Trade Ideas page.

Also, make sure to check out our "Three Charts For The Week Ahead" and Gold and Silver update too.

Thanks for reading and please let us know if you have any questions.

Allstarcharts Team