Let's face it. AMC hasn't had a good run the last 2 years. We started a bit of an uptrend in July and I am betting it will continue. We're below some key moving averages such as the weekly 21EMA and the monthly 21EMA as well but I feel like we will head back up there in the near future. In traditional markets, the near future could be 4-6 months.
If we can overtake $12 then I think there will be no problem getting up closer to $14 or so.
We are at an area now where risk can be managed very well. Pick an entry point as close to $10.25-$10.50 as you can and set your stop losses appropriately around $10. Minimize risk for a potential 30% gain.
Trade safely friends!
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