Hello Traders and Investors,
A lot of people are hype about AMC. Taking a quick glance at AMC, I noticed a very nice setup happening and it intrigues me a lot. There are two bull trades coming up; indicated with blue and green lines. I am waiting for a breakout to happen to take the trade.
I do have a small long term position on AMC as I think it will get to $220 eventually once the squeeze happens. But in the mean time, there are a lot of trades to be taken in a volatile stock when the opportunity present itself.
Check out my long term post on AMC and why $220 is my target.
Let me know what you think.
A lot of people are hype about AMC. Taking a quick glance at AMC, I noticed a very nice setup happening and it intrigues me a lot. There are two bull trades coming up; indicated with blue and green lines. I am waiting for a breakout to happen to take the trade.
I do have a small long term position on AMC as I think it will get to $220 eventually once the squeeze happens. But in the mean time, there are a lot of trades to be taken in a volatile stock when the opportunity present itself.
Check out my long term post on AMC and why $220 is my target.
Let me know what you think.
Comment:
AMC taking the green path. Waiting for $41.20 to complete the bullish bat pattern for long entry.
Trade active:
AMC long is in at $39.80. Trade is going as planned. Target is $50-$52. A new range and pattern will form after this. It will take time to develop.
Comment:
AMC got close to $50. It went to $49.80. Will give it another day to see if it bust thru the $50 resistance. Most likely it will not, so look forward to taking profits tomorrow.
