Hello everyone, let's begin!
We are high up, and did broke the trend line, from 4 sep, 2018..
We now have the blue trading channel, and we did test that, 24,25,26 July.
If we broke that i will look for the next stage in the yellow channel, and go even higher...
We did test the yellow channel, 18-19 Juni, and broke it, 20 Juni, and 1 July, And that start from 3 Juni.
A little Ta, we got a golden cross, from EMA 20, and MA 50, some strong updays, wait for a little pull back, and watch for the long side.
Good RR, remember earnings 1 may AMC
The stock, begin to perform better then S&P 500.
And it did broke the trading range.
We got a trading range from
2818 to 2624,75. Stoc is oversold.
A hammer, low of the range, and indside candle right now, i will say we go up, to the POC, to test it, and see if we can break it.
So Right now, kinda bullish for the week, let's see what it will be later.
It has been a few months in a little sideway trend and finally broken up over it, after all, it has also tested it as support.
It shouts it will get higher, people took their winnings. 47.70 (Fibonacci extension 1.618)
Something I've also noticed that it also respects Support / resistance.
It is currently on a resistance level, I think it will continue.