Hello everyone. We are looking at the daily chart of AMC/ We have a nice golden cross of 50/200.
Currently taking on historical support (now resistance) of $20. once it taken out the price will continue to march on to take on ATH. There will be bumps here and there, but overall we will see a steady climb as people return to theaters this summer/ Like if you like the idea/
Currently taking on historical support (now resistance) of $20. once it taken out the price will continue to march on to take on ATH. There will be bumps here and there, but overall we will see a steady climb as people return to theaters this summer/ Like if you like the idea/
Trade active:
Hello everyone, just a little bit of update, the trade is still active. Once we take out our previous ath of $35 we enter in a price discovery mode. You might want to put your seat belt on. Glta.
Trade active:
Hello everyone. Just a little update, the trade is still active and now we are in the discovery mode, previous ath was broken like it never existed. Now, on a weekly chart we can see 2 big green candles with wicks pointing up north. According to candle patterns, wicks usually show the direction, (it will also make a weekly golden cross of 50/200 ema) and if so, the move for AMC should continue up way above $100. Personal stance-hold/accumulate.