Lets face it, the hail marry last week with the FED NOS money, the rose garden speech at the close of Friday (nice chess move Trump), the back and forth on the Presidents Cabinet including the VP not knowing what the hell they are doing the attack killing two American troops in Iraq (<-- who missed that one last week) . I don't see it. This...
Could be an Earnings play or may take longer either way 50+% Short interest on a stock that's been trending down for a long while...They soon will want to take profits and the rest will get squeezed for some nice profits. Add to watchlist for future play on AMC.
Cup and Handle....handle portion is in the build now we just need to wait for the break. Early entry could be taken during the handle for lower prices but is riskier if fails. Trade it when you see it.
Liking the indicators here. We have a trigger of all 3 moving averages (circled) with a continuation bar this week. Be looking at a retest in the next couple weeks of the 65 level.
Jan 17 65 call looking to purchase on Monday for a hopeful power move next week with the Santa Rally on the front burner.