bitdoctor

AMC - Yes, the theatre company - Upside ahead

Long
NYSE:AMC   AMC ENTERTAINMENT HOLDINGS INC
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.

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!
<3 -CE-
Comment: As always things take time. Still looking decent for some more upside.
Trade closed: stop reached
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