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RizeSenpai
Jun 29, 2023 11:34 AM

AMC: Bullish Dragon Seeking Breakout Long

AMC Entertainment Holdings, Inc.NYSE

Description

AMC, after Bullishly Diverging at an .886 has broken out of a Bullish Dragon and could rise all the way up to the zone of $10–$14 if the level of $4.40 is taken.

Trade closed: target reached

Well that's certainly going to be a position I'll be in a rush to close when the market opens next week!


It was a good run and not so long of a wait either; very nice.
Comments
Winks01
So still expecting 10-14 for this week
RizeSenpai
@Winks01, We hit $9 and will prolly hit $10 in the premarket but im in options and dont really plan to risk it all over a dollar, I'm more than satisifed with the move we've already gotten.
Intraday_Latte
Is the RS a reality, or likely tied up in litigation to where there's a definitive window for contracts, plays etc? I'm not well read into this circus.
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