When you go to the movies do you want to sit right up on the screen or back a bit in the middle of the theatre? If you zoom out to the daily chart for AMC, you start to see past patterns. AMC below $4 is and interesting price. From $4 AMC is 50% or 100% away from recent highs. A price below $4 is even farther away from recent highs, percentage wise. Always remember that fundamental news trump technicals every time. So review your news. The technicals show $4 and below as discount prices in the recent past. Who knows what will happen in the future.
Trade closed: target reached
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Continue your Financial Education:
LEAPS Options Books : bit.ly/4bx5Z8w
Compound Interest: bit.ly/48eMkYb
Rule of 72 : bit.ly/3HW4QtB
Futures Trading: bit.ly/42HoDqm