If you by chance seen my last post, I'm liking the Fib levels that have and are continuing to get touched.
For kickers, I'm just Ape with a past obsession for charting Forex pairs.
Wild how with everything going on behind the scenes, AMC is looking promising.
Let breakdown why..
Analysis on a 4hr candle chart with a range of roughly 45 days.
You can peek at...
The title says it all!!! It doesn't need fundamental's, it doesn't need people in the theater's. Lot's of pissed off poor people! Too many people want the Hedge fund's to eat there own dick's including myself. Also, new short data was right where we wanted it to be. I want nothing more than AMC to go the moon. I've been watching this for the last 2 weeks. HF's...
So it's Tuesday and I sell a 7c 3/19 on AMC to try out selling 30-45DTE options. I was going based off previous resistance of $6.5. This was right before market close. BUT little did I know, I did my daily DD after and found out that price spike was due to NY announcing theatres reopenings. I was like fuck, aight I gotta roll out. At first I thought earnings was...
So here i try and use elliott waves i never like using them because they are for the most part inaccurate in terms of actual direction. But since we know the direction then we are in the clear.
This is my analysis on Elliott wave theory lets see how it plays out
- Descending Triangle
- Potential breakout to upside
- Below 20 on Stochastic indicating undersold
I am not a financial advisor and this is just my technical analysis on it.
I'm not real trader, justa guy who likes to draw on charts and find cool stuff. That being said, we say a test of the .618 Fib level (yes i know some people may use fibs different) but we tapped and decended back to our mid range S/R. Today we may see a drop back into the ascending channel and if we close above the $8 mark....we're in for a ride baby
Support and Resistance zones holding. Upwards tranding channel was respected this morning a few minutes after open. I like the stock and I'm riding the long term
Not financial advice
"How do you respond when you see something that goes against what you believe to be fact?"
Hey think about it
everyone on the forums can have a nice cuddly group date night once the theatre reopens. The power of social media. At least your using what you invest in.
Maybe even discount for being a stockholder.
Nah I doubt that....
Not financial advice
"How do you respond when you see something that goes against what you believe to be fact?"
Hey think about it
everyone on the forums can have a nice cuddly group date night once the theatre reopens. The power of social media. At least your using what you invest in.
Maybe even discount for being a stockholder.
Nah I doubt...
Can not confirm cup and handle, at least for now I do not see it, cup and handle requires 2 top peaks at ~almost same level. But I still bullish on it, we might run up to 20-30, then take break for some time and then we will see if we are strong enough to continue movement to 40-80. That "take a break" actually might be handle of cup if we reach 20 first.
