I'll show you how to make up to 50% gains in AMC in TWO DAYS
I have been forecasting a high near $30 on AMC for a while now. There are a lot of Wyckoff trading ranges working in conjunction with one another at the present time, which is great because it allows for much better price forecasts.
Expect that the markets will be CRAZY next week. We will be hitting a top in the markets and there will be yet another round of teeth gnashing for the general public in Q4. I fully expect to be making fresh lows in this bear market overall.
The more we get closer and price plays out, it is easier to map out the likely price action. I've been following AMC simply because there is high general interest in it which allows for much more volatility in the stock. Volatility = good thing if you know how to trade it right.
Here is how I'm seeing AMC shaping up next week.
Monday, we will likely start out the gates LOOKING bullish, but that quick bullish move will likely retrace back into the low $22 range by close of market.
My forecast for Monday is around a $26 high, I think it will come off as a bullish run in the morning as stated above, but by lunch time or closer to close of Monday's bell, we will be near a $22 low. You should be ready to capture that $22 low Monday...
We could very well see a $22 low by lunch on Monday as well, and a very strong move upwards by close of markets Monday.
Near close of markets on MONDAY and into TUESDAY is going to be fireworks... Or a continuation of fireworks that started from Monday.
I am currently of the belief that price is likely to reach $33 - $34. I personally won't get TOO greedy, and will be looking to take profit at $33, which is still very close to a 50% gain in just two days. Throwing in $10k, that's still a roughly $5k profit, minus "this, that, and the other for fees"...
STOP loss is at $20.50 - if we reach that, something with the plan went wrong, and we parachute out of the position and wait for further confirmation of the situation before we take a trade.
$33 will take profit and roll my position into a SHORT. Expect a strong decline in the markets in general. I will keep an eye out for signs of a turnaround. But won't expect it for AMC stock until at least end of October or November at best.
IF WE MAKE A HIGHER HIGH ABOVE $34.31, IMMEDIATELY STOP LOSS FROM THE SHORT POSITION. WE MUST RECALCUATE PRICE ACTION.
ENJOY
Expect that the markets will be CRAZY next week. We will be hitting a top in the markets and there will be yet another round of teeth gnashing for the general public in Q4. I fully expect to be making fresh lows in this bear market overall.
The more we get closer and price plays out, it is easier to map out the likely price action. I've been following AMC simply because there is high general interest in it which allows for much more volatility in the stock. Volatility = good thing if you know how to trade it right.
Here is how I'm seeing AMC shaping up next week.
Monday, we will likely start out the gates LOOKING bullish, but that quick bullish move will likely retrace back into the low $22 range by close of market.
My forecast for Monday is around a $26 high, I think it will come off as a bullish run in the morning as stated above, but by lunch time or closer to close of Monday's bell, we will be near a $22 low. You should be ready to capture that $22 low Monday...
We could very well see a $22 low by lunch on Monday as well, and a very strong move upwards by close of markets Monday.
Near close of markets on MONDAY and into TUESDAY is going to be fireworks... Or a continuation of fireworks that started from Monday.
I am currently of the belief that price is likely to reach $33 - $34. I personally won't get TOO greedy, and will be looking to take profit at $33, which is still very close to a 50% gain in just two days. Throwing in $10k, that's still a roughly $5k profit, minus "this, that, and the other for fees"...
STOP loss is at $20.50 - if we reach that, something with the plan went wrong, and we parachute out of the position and wait for further confirmation of the situation before we take a trade.
$33 will take profit and roll my position into a SHORT. Expect a strong decline in the markets in general. I will keep an eye out for signs of a turnaround. But won't expect it for AMC stock until at least end of October or November at best.
IF WE MAKE A HIGHER HIGH ABOVE $34.31, IMMEDIATELY STOP LOSS FROM THE SHORT POSITION. WE MUST RECALCUATE PRICE ACTION.
ENJOY
