Intraday - We look to Buy a break of 14.80 (stop at 9.61)
Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. A break of 14.50 is needed to confirm follow through bullish momentum. Further upside is expected.
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That’s a lower high and a lower low, coupled with volume dropping off. I’m shocked it has not become clear to you that AMC is a distraction, complete with a planted CEO who multiple times dumped his stock on retail holders with a smile on his face while you guys bent over and asked for more. Technically, chart looks heinous. Fundamentally, the business looks heinous. Insiders selling off all of their holdings yet you are still bullish? Cmon.
VantageMarkets
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@BenWechsler, That's the beauty of of technical analysis, it democratises views. You see lower low, I see bottoming off. . . only mother market will prove who is correct. Regardless of right or wrong however risk management and position sizing goes above all, so we can trade another day:)
deradanatellermachtsatt
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@BenWechsler, What should it distract us from?
battlehawk1
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that you kenny?
TORNADOF5
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@BenWechsler, but if you just move stop up you out with profits any way ,no ? new noob here thanks