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TroydTrades

BUY $AMC - PT1 2.98, PT2 3.98, SL 1.86 #fintwit

Long
AMC Entertainment (NYSE:AMC)  
TroydTrades Updated   
NYSE:AMC   AMC Entertainment
Trend Analysis Chart Patterns Fundamental Analysis AMC buyzone swingtrade swingsetup LONG
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trendanalysis chartpattern fundamental amc buyzone swingtrade swingsetup long
Pros: AMC is trading near historic lows on a medium term volume shelf. Upward pressure as vaccine rollout continues and anticipation for theatres reopening starts to build, will probably push it towards the next volume shelf above.

Cons: Company is currently in a cash crunch. Longer term play, may take 2 - 3 months to hit $4.

Notes

You could also scalp to 2.5 on this play.
Trade active:
Sold some at 3, looking for the rest at 4.
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