geoffm123

AMC: Hey WSB, is this too obvious??

Long
geoffm123 Updated   
NYSE:AMC   AMC Entertainment
I honestly dont know. Ive never traded a meme stock inasmuch as this is even a meme stock at this point. Weekly chart - so my timeframe is a few days to be long for 5% or so. I like the cluster of sell signals that hasnt amounted to much. Momentum still to the downside but the big vlm spike and green candle at the close and ahead of the uptrend line has me feelin meme-y.
Comment:
This hasnt gone to plan yet, but I still suspect a move higher. Zooming out we can see a break of the downtrend from from June (to the upside) and a bullish pennant that is in the process of resolving itself. patience for now.
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