Will do Video Update on AMC sometime soon. We just cashed out 111 of our 1,412 shares @ $19.50. These were purchased @ $7.70 average via Robinhood.
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Sold 133 shares premarket @ $31.08. Still holding strong with 1,168 shares.
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UPDATE: Still holding 1,000 of our original AMC 1,400 shares.
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*Need trading volume to pick up for uptrend to stay intact!
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Posted Video Update.
Trade closed manually
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Just unloaded my final 800 of my original 1400 shares of AMC @ $7.70 average. The buy volume is very low & the RSI showing signs of exhaustion on 12 hour chart. Sorry Apes, but there is just too much risk at the high price of $52 per share!
wave 2 already happened back in February so were on a bullish 3rd wave.
Bullishcharts
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@tjmorki5, do you mean the 5th wave? According to Elliott Wave Theory wave 4 to 5 is the final wave.
TAO_TRADER_
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@Bullishcharts, hm oh i thought your dotted line downwards was you trying to say that were on our 2nd wwave already and i was trying to say were already on wave 3-4-5
Bullishcharts
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@tjmorki5, AMC may run until early to mid-Decmember. This meme stock craze might last a while. There will definitely be profit-taking befroe year's end.
eivind.smeby
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You think it can actually hit 80$?
Bullishcharts
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@Eivind.smeby, it's the meme stock craze of 2021. Anything is possible.