StephenGunn

StephenGunn

See my chart on the daily pennant for AMC, as reference. Depending on what day AMC hits the lower rising angle on the pennant, the level (or support line) drawn off the angle will be slightly lower or higher. Two support lines hit the pennant angle, 36.70 and a few days later 37.70.

StephenGunn Updated 

Can't spell it out any more strongly than the above image. Not a point head H&S but a bullhead. Aligns perfectly with the Pennant Flag on the Daily chart. Around that 40 line is the base (neckline) and around 36.70 is a confluence and consolidation area that it took off from. You could also say it took off from 38.00, but 36.70 lines up better with the...

StephenGunn

So, a five month long Pennant is atypical, but there it is staring straight in our faces. Because the upsurge was higher 5 months back, and then the Pennant was formed, this is a setup for a Bullish Pennant breakout. I follow support and resistant lines as a staple and patterns such as the Pennant secondary, but this is like this is being conjured up in some...

StephenGunn

MACD and TSI both are really showing positive signs that typically in the past have indicated room to run. With the overall market melting up into December, AMC can move in concert. Dark Pools aside, this has other things going for it besides the exposure of Ken Griffin. My prediction is AMC is heading towards its next resistance levels at this juncture. ...

StephenGunn

Every time the RSI line comes back through and breaks a downward trend, TQQQ 1.77% goes up. Can track back to 2016 and observe. Quick useful edge. Shorter timeframes and longer have shown consistency. When there is consolidation some brief whip saw will be found but otherwise solid strategy. Try it yourself.

StephenGunn

Turned the corner on long term 15 minute Stochastic.