3 june. Someone have bought today 170 000 call options with a strike price at 145 dollars, that will expire today. The most reasonable point of it, that hedge fonds will close their short positions and they want to cover the losses with that call options.
Also my technical analysis shows that the third impulse (Eliotte) wave is coming, that will be the boggest...
One of the largest theater chains in the world took a beating with their financials due to this pandemic. If you are optimistic and enjoy the cinemas, you could think that with vaccines and a possible healthier post-pandemic world, where everything goes back to normal... that AMC can recover. Which is certainly why I have this in my long term investing portfolio....
Contract - CME_MINI:MNQH2021
- High - 12678.25
- Low - 12646.25
- Gap: = N/A
- Session Open ATR: 195.00
- Volume: 33k
- Open Int: 228k
- Trend Grade: Bullish
Key Levels (Rounded - Think of these as a range)
- Long: 13337
- Short: 10650
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions...
Now as for my explanation:
This is def. a LONG position as I've made several entries off $IPIC in the past -- each time at a lower low & each time yielding positive results.
My little brother works at iPic: so I've taken a particular interest in this 'shitstock' as I was told by my brother, who attended a mandatory meeting with corporate present...that...