gekkohot

AMC SURGES TO $72.50

Long
NYSE:AMC   AMC Entertainment
My last post was on 6th april on AMC holdings explaining the pivot long at $13.55 for a test of $23.76.

The Day long signal was issued on 13th May 2021 at $11.24 with an initial target of $23.76 and $36.13 which was broken with ease. An intraday high of $75.20 was recorded.
AMC closed at $47.91 on 040621.

Long positions are preferred when price approaches close to the day pivot of $24.02 or the 4hr pivot of $34.68 for a retest of $72.50.

LONG TERM UPTREND SINCE 040121
MEDIUM TERM UPTREND SINCE 250121
SHORT TERM UPTREND SINCE 130521

PIVOT 24.02
Long positions above 24.02 for 72.50 and new All Time Highs
Short positions below 24.02 to test 15.37 and 7.53

Quant Strategic Singapore
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