Another strong day today and finished up 14% for the day.
We can see that the 200 Day MA has been a strong support line on the 1hr Chart since June and held our Wave 4 pull back perfectly.
This may pull back slightly one more time before another move higher.
I have contacted a number of professionals in this industry to monitor this for me and their understanding is that many companies are working tirelessly to recreate what the Korean engineers have achieved.
$AMSC certainly looks like it is a contender in this race, we will continue to watch this and I know a few members have added here last week as it has found support.
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2023-08-15 05:06:27 +0000 UTC