Looking at the rising tops & bottoms, and also seeing the news of Amazon considering buying AMC (again) as well as the most recent $3MM buy, somebody knows something and is willing to put some money on it. I'll help sell them their calls as high up as they're willing to go.
MacD is overextended, and the end of the week is quickly approaching. There's also a...
I major in launch programs to the moon and this is my latest schematic for the AMC Program dubbed: Doritos And Popcorn. The last move from roughly 8.31 to 72.62 was roughly 500% in 2 weeks! Get ready for the next wave. I'm thinking on the safe side half of the last gain but, from an optimistic point of view since it was a bigger move this time I'm really thinking...
If you have to own one name today right now, this is IT. Boring old cash rich China Mobile has been trading in this channel since 2009 and this is the 3x time 941 is testing the lower end of the range. There is 5% to pick up before it hits the 1st resistance and potentially +35% if it tests the top of the range. To sweeten the deal, if you hang on till the end...
Bulls and bears want (IMO) a retrace up to 2050. Bears want to go short
at a higher price and bulls want to break through the high from earlier
this month. I will be glued to the 30 min and 5 min charts looking for longs.
