Current price: 64.5
Key point: 55
Our preferred direction: Buy positions above 55 levels with 59 as the first target and then 63 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 55 level, targeting the 52 level.
Technical commentary
AMAC stock reached important support levels on the daily frame at 54.5-55.00 with a downtrend line from the bottom of last December near the 200-day moving average.
The stock is expected to rise to reach levels of 59.00 and then levels of 63.00.
