AMC 's CEO says no to bankruptcy and so it pumps LONG

AwesomeAvani Updated   
BATS:AMC   AMC Entertainment
AMC on the 60 minute chart shows an early reversal out of a three week downtrend after

two months of a wide ranging price action that was sideways. The more or less takes

bankruptcy considerations off the table. In the meanwhile, the streaming services continue

to beat down movie theaters. No matter, AMC has new bullish momentum and the trading

volumes to support it. The PVT indicator shows the new trend. The TTM Squeeze indicator

triggering has relevance. The trend is your friend especially if you befriend it early. You never

know, the short squeeze Ape Nation has been hoping maybe just maybe could happen. I will

take a long position of shares here and insure them partially with a put option to cover a wide

stop loss of 15% given the expected volatility. For the shares, targeting 3.85 with 35%, 5.50

with 25% and the remaining 50% to run with a trailing stop loss.

Trade active:
Noting substantial for AMC's price action. Holding patiently. Will close by Monday afternoon if nothing in the meanwhile.
Trade active:
AMC dipped from the prior aternoon and throguh the opening bell into a morning low

for a 5% intraday trade of a small scalping position. Otherwise a sideways day.

Trade active:
Trade in realized profit as a partial has been taken and the stop loss is trailing. Price is in a slow climb no sign of a squeeze as yet.

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