TradingView
AwesomeAvani
Feb 4, 2024 1:54 AM

AMC can price rise from the all-time low ? LONG Long

NYSE:AMC15
AMC Entertainment Holdings, Inc.NYSE

Description

⋅
On this 15 minute chart I see support for upside on AMC now at its all time lows. My target is

recent tweezer tops at 4.27 with a stop loss set at 3.93. Any price rise at all will likely start

short seller's buying to cover and close to be added to new long buyers supporting a move

higher. The dual TF RSI indicator shows a bottom at the all time low and bullish divergence

compared with the price action which is sideways for the moment. The Mass Index indicator

with a rise then fall over the threshold and trigger levels has signaled a reversal. I will take

a long trade of both long shares and a call option. An alternative to hedge is long shares and

put options at a ratio of 100:1 with the puts as cheap " insurance". If a short squeeze

( ? moonshot) ensues, the put option will stop out or get crushed to a complete loss of no

consequence in the greater overall trade.

DISCLAIMER Any long trade from an all-time bottom is extremely risky- only trade cash that you can afford to burn and not feel bad about it.

Trade active

⋅
Heavy overall analysis article here :


investors.com/research/amc-entertainment-stock-buy-now/

Comment

⋅
Relevant Video youtube.com/watch?v=vj5Oq1LgI6c

Comment

⋅
Another relevant video youtube.com/watch?v=WwJJ7g1c5rw

Comment

⋅
AMC dropped today but so did the general market. Holding to see action on an up market day.

Trade closed: stop reached

⋅
AMC may never find a bottom.

Trade active

⋅
AMC bounced after descent to a lower support. The long trade is re-entered

Trade active

⋅
AMC pumping into a high tight flag. Profit-taking may cause a little dip this afternoon just in time to get a call option for next Friday expiration
Support and ResistanceOscillatorsVolumeAMCGMEMEMEreversalmoonshotshortsqueezeamclongMass Index
Comments
Intraday_Latte
⋅
interestingly, the elders force index has been divergent up to the daily. I think they're probably absorbing a lot of orders off the light market or messing with the tape
More