bluedog360

Crouching Tiger, Hidden Divergence

Long
bluedog360 Updated   
NYSE:AMC   AMC Entertainment
Things I like about longing AMC:
  • Bullish RSI divergences
  • An ~85% pullback from the lows around $2 and the highs around $70
  • Entertainment has thrived in past recessions
  • AMC shows are top notch
  • Potential to profit quickly due to short sellers and hype

I have my targets at $25 and $48...
Trade closed manually
Comment:
AMC is now a really nice short opportunity.
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