let's just say, it'll get worse, a lot worse, before it can get better.
selling momentum JUST picked up.
as in, we haven't seen real selling pressure ,real blood pouring out yet.
this is from the point of view of Monthly. Daily chart we may retest 387- 398 area first as a Bull Trap before further drop.
best case scenario, this is a...
Break out of a consolidation.
A retest of 29 would provide decent R-R for an entry at or above today's high.
Looking for entry tomorrow.
i'll use a tight stoploss on this one.
MACD about to cross on the weekly.
Jul 06 decided to go ahead and issue 25M new shares without stockholder approval
Jul 03 company decided to sell 11.5M with the help of selling agents
June 01 issues 8.5M shares to Mudrick Capital
May 21Wanda group, the largest shareholder sold most of its remaining shares of AMC.
Seems like it's better to go short this time around, for now.
this one seems like it'll be hard to trade with this price action and I am assuming it doesn't have a good spread either. But put it on a watchlist as a case study and will see how it does once the market is live.
low volume on selling days big volume on buying day, Im watching for a consolidation and then reversal price action for entry. would like to see the 3.06 area reclaimed and hold there as new support first.
it can still drop more though.
I would like to see daily support hold above 16.39 and making a base here, ideally i want to see higher lows being made for scaling in anticipating a breakout. When the breakout happen i'll add in the remaining of my position.
would love to enter this closer to EMA13 for safety but i don't mind scaling in when we rally up above Friday's high, then add in when we cross above 5.40.
prefer to see a volume confirms the move.
very interesting chart for me, gap up last Friday then consolidate the whole day. created an outside candle for the weekly candle. I really would like to see it either hold above 13.88 and keep on rallying for me to enter with a tight stoploss OR we pullback now and find a support and making higher lows for entry.