AMC daily chart showing recent breakouts and bullish trends on multiple key indicators.
Recent double bottom formation is holding up nicely and the price broke out of the more recent downtrend yesterday and may be back-testing the break-out today. Overall market is dismal today so AMC isn't doing too bad.
Indicators are looking bullish overall with MACD, Stoch and Belkhayate 'proxy' indicators all trending higher and showing positive divergence. Looking like the set up before the last bull run in March of 22.
Adding to shares here. Option IV remains moderate but is trending higher. marketchameleon...m/Overview/AMC/?lu=true
The OPEX tomorrow should be interesting to say the least.
Looking for AMC to move higher next week. Hedgies running low on AMMO.
Not financial advice.
Recent double bottom formation is holding up nicely and the price broke out of the more recent downtrend yesterday and may be back-testing the break-out today. Overall market is dismal today so AMC isn't doing too bad.
Indicators are looking bullish overall with MACD, Stoch and Belkhayate 'proxy' indicators all trending higher and showing positive divergence. Looking like the set up before the last bull run in March of 22.
Adding to shares here. Option IV remains moderate but is trending higher. marketchameleon...m/Overview/AMC/?lu=true
The OPEX tomorrow should be interesting to say the least.
Looking for AMC to move higher next week. Hedgies running low on AMMO.
Not financial advice.
Comment:
added AMC $13 calls with 7/15 expiry for $1.36 debt