Great start to the week for $AMC bulls. If they can maintain control of this stock, 19-20 is possible by the end of the week. Very little resistance to the upside.
Trade active:
Target looking more like 18-20 for end of week. If out of the gate bulls can take control at the open Thursday morning....the party will be on....
Trade active:
Tracking a little to the low side but still tracking.....
Looking for volume to pick up into the close as volume at price chart showing oversold at these levels. ie artificial ceilings....14.5 needs to be broken to see upside movement.
OT with no controlling shareholder anymore its really wide open as to who wants to control the worlds largest movie theatre chain. My bet is on either AMZN, AAPL or NFLX to either acquire or create a strategic partnership. There is so much more value to AMC than just screening movies. Real estate, dead time before movies perfect for advertising products and services....huge opportunity if someone sees past the debt and can envision the strategic advantages of a captive audience.
Looking for volume to pick up into the close as volume at price chart showing oversold at these levels. ie artificial ceilings....14.5 needs to be broken to see upside movement.
OT with no controlling shareholder anymore its really wide open as to who wants to control the worlds largest movie theatre chain. My bet is on either AMZN, AAPL or NFLX to either acquire or create a strategic partnership. There is so much more value to AMC than just screening movies. Real estate, dead time before movies perfect for advertising products and services....huge opportunity if someone sees past the debt and can envision the strategic advantages of a captive audience.