Double bottoms repeating along an uptrend line are evident on this chart for IMAX
I expect a recovery to occur at the price label for IMAX
This is the Weekly chart
Bullish once trendline hit
Mission:
At the heart of the IMAX vision lie three qualities: a commitment to our customers and shareholders; a commitment to excellence; and a commitment to delivering the best entertainment experiences through new technologies.
Recent News:
1.IMAX delivered a roaring international debut for "Godzilla vs. Kong," earning $12.4 million for the weekend across 891...
I'm feeling quite hopeful about the movie industry. Having stock in AMC made me think about finding a more relatable company that does more than simply house in seats for the newest movie. This led me to doing some research on IMAX. I bought in at $14.77 after reading their recent quarter reports. Some of the things I like about the potential upswing or hike in...
IMAX looks like it may be in for a nice run up!
/list]
Great price action.
Net Profit Margin -18.9%
EPS this Y +110.9%
**Sales Q/Q -91%
Forward P/E 27.99
Debt/Eq 0.68 (not bad at all)
ROE -9.8%
ROI +10.7%
Institutions Own 75.1%
Institutions Transactions -6.79% (as it is running up)
Insiders Own 1.7%
Insider Transactions -2.12%
S/R are not exact numbers neither is a confirmation of buying/selling. I am using the line chart to help me find S/R then I just switch the candle chart to see if there are any patterns
Hi, today we are going to talk about IMAX and its current landscape.
The IMAX company has expanded in an expressive way early this year by adding 40 locations aiming to be present in 900 theaters in China the second biggest market in the world. IMAX also it's set to receive another boost from China as, the country that controls about 90% of the market, and 70% of...
Enter when there is a reversal patter in this zone - typically seen on 1 or 5 min chart (typically double or triple bottoms or 2 higher lows indicating support is respected).
Price may go into the zone pre-market.
This is a multiframe opportunity, IMAX is in a monthly support with nice monthly, weekly and daily candles. Let's see if we have a confirmation and remember to take in mind the close of the monthly candle.
IMAX seems running within an upward channel, also forming a possible bear flag formation. On the other side we have the earnings coming in 2 days. So we would like to take advantage with option, and we would consider $31 March-17 Puts, last traded for $1.25
* Trade Criteria *
Date First Found- February 19, 2017
Pattern/Why- Upward channel, Possible bear flag,...
IMAX- Short
Trade Logic: Inverted flag & pole
Technically very weak as crossed down recent support & money-flow is shooting down
Entry Price: 29.43
Target Price: 27.13
You can check our detailed analysis on IMAX in the trading room link here-
Trade Suggestion Date: 21/6/2016
Trading Room - Executive summery link: www.youtube.com
Time Span: 11:00”
Trade Open:...
Good and steady OBV. Furthermore with ema50 nearly flat and partially sideways since February.
Near R1 pivot or 35 possibly if bullish momo continues. Stalk your entry. Follow your plan.
