$amc appears to be wrapping the lower bounds of an upward wedge formation. Volume ramping over the last few sessions, plausibly to test resistance at 9.
jumped Monday after Gov. Andrew Cuomo said cinemas in New York City can reopen at limited capacity (25%) next month.
Masks and assigned seating will be required, Cuomo said, and movie theaters will need to follow the state ventilation standards.
New York is reporting a 13% decline in new COVID-19 cases with a weekly average of 7,400, CNBC reported.
Movie...
Looks like we have an accumulation pattern as prices have stabilized at the mid $5.50 level.
Bollinger bands seem to be squeezing very tightly on the 2 hour. This suggests we may see an explosive rally to the upside. I'm expecting after the lockdowns end and the economy starts to open back up, that there will be a huge surge to movie theaters and other places of...
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AMC story of 75% collapse after a +830% move
January 11, 2021
my published idea: AMC price : 2.25
Gain Potential:100-212%
Reward/Risk:7-14
Timeframe: <100 days
January 27: trade close at 19
TYLRY story of 68% collapse after a 175% move
February 3rd, 2021
My published idea on Cannabis stocks
TLRY : skyrocketed...
AMC looking to retest 9s maybe even 10s depending on how earnings fomo and overreactions go. not any kind of advice just an observation and a personal reasoning of why im long at low 7's and holding for 9s-10s at a minimum with a stop at 5.50.
1st AMC has a bag of cash from share sells in january.
2nd AMC is opening 25% capacity in NY and more and more of...
AMC Entertainment Holdings Inc (AMC) is still holding up well here and the stock has a chance to move higher. I will be watching the stock next week for a continuation move through Friday’s highs of $5.77. A retest of 6.50 seems very likely in the coming days. Looking at the technical chart the MACD has just cut above its signal line and the RSI is abv 50% level...
