ThinkLikeaWhaleTLAW

AMC Trade Strategy Forward Update Worked out to a "T"

Long
NYSE:AMC   AMC Entertainment
Not financial advice.
"When its time to act. You do it with honor,respect, and humility"
Legalizedhustler
Refer to my previous chart I said 12.16 came to 12.15 close enough.
I'm sensing a pullback here to maybe 9-10.50 range but overall bullish.. Buy the dips...
When I update these charts they are usually good for the next 3-6 weeks of trading so refer to it often.

9.50-10.50 good buy zone range
Must hold this area or retest of 8.00 will be incoming.
But even a retest of 8.00 is okay. Because the level of support in that range is phenomenal.

You did it guys. Good Job. Ive had fun charting this stock. I'm no ape and don't own this stock. I'm busy trying squeeze my wallet shut from my gains everywhere else.
But you did it. Not out the woods yet.
That 3 points of contact needs taken out.
And create support level at 10.00 range in the same way the 7-8.00 has super support .
I'd buy a little everyday dont leverage or call-put.
Just buy straight up.
With a target of 25.00 is actually realistic right now.
Dont overspend. Spend only what you can lose.
100% from here but wait for the pullbacks as mentioned to add exposure to your portfolio.
Don't FOMO..
Support the legalizedhustler
#hustlabynature
#financialnostradamus
#poorfromtheoutside
#PFTO



Just an update of my previous analysis I posted on AMC 18 days ago.
It worked out exactly as described previously.
We broke through that elusive 10.50 finally.
The teepee pattern structure.
As you can see we have 3 points of contact from previous highs at around 14.00 range ish
This is a super bullish sign moving forward.
Also from the top we broke the trendline from its high. Another bullish sign.
10.50 and 9.50 are the super duper area of points to hold..
Especially 9.50 we lose 9.50
We could be looking at 8.00 retest once again.

If you like this, please come join our free Telegram group for exclusive trade ideas:
t.me/+qPr4Mjji9ko1MjU0

Visit our website to work with us: www.patienceiskey.biz/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.