For a short term or day trade, yes, probably best to follow the...

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    For a short term or day trade, yes, probably best to follow the momentum.

    But I have been pondering the stock for a bit lately, as the daily movements suggest the trend maybe getting a bit tired, although the weekly is OK so far (remember this week's bar is still incomplete)

    I am glad that it made a new high recently, as that gives it a better chance to keep going higher,

    See the weekly chart.....

    AMA weekly.png


    But on the daily chart the new highs are shortening, which may be a sign of weakness, or at least that the trend is becoming tired.
    But also maybe a sign of absorption (of supply), prior to a new breakout.
    So I watch with interest, but haven't flinched as yet........

    AMA Daily.png


    cheers
 
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