On the 15 minute chart, AMC is in deep vundervalued territory between one and two standard
deviations below the mean VWAP band. IT is near to and abouve to cross over the central POC
line of the volume profile. It is the price area where the highest volumes of trading have
occurred. The zero-lag MACD shows a buy signal with a K and D line intersection under a green
histogram while the RSI Ichimoku shows relative strength to have risen from the bottom of
its upward-sloping regression channel and over the 50 value. Overall I see a potential setup
here for a breakout. It might be the best time to get a ride on a rocket is before the launch.
FOMO riders typically are disappointed. I will take a long trade with 1/4 my usual risk and
Que Sera Sera.
deviations below the mean VWAP band. IT is near to and abouve to cross over the central POC
line of the volume profile. It is the price area where the highest volumes of trading have
occurred. The zero-lag MACD shows a buy signal with a K and D line intersection under a green
histogram while the RSI Ichimoku shows relative strength to have risen from the bottom of
its upward-sloping regression channel and over the 50 value. Overall I see a potential setup
here for a breakout. It might be the best time to get a ride on a rocket is before the launch.
FOMO riders typically are disappointed. I will take a long trade with 1/4 my usual risk and
Que Sera Sera.
Trade active:
AMC popped up a bit and then did the usual end-of-the-week selling action. More next week.