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...
This chart was looking strong and has curled up from the base. Positive tailwinds from NY reopening news. Entry marked over post-market high. We’ll see where it lands after open.
No idea why it would
But Technically there are good reasons to foresee a pump in AMC.
Horizontal support established at $5.30
Minor resistance at $6 broken
Close above horizontal channel on the daily (just slightly)
Daily RSI and 4 hourly RSI broken upwardwards of its own horizontal channel
MACD 4 Hourly Crossed over
So I am a buyer
