AMC | Rise out of the Shadows? | 1 buy scenario
Overview
Price is currently under the former Swinglow (lower blue line) that lead to the recent Swinghigh. With earnings and revenue date coming up (8 November) i´m looking to take a buy position.
Scenario (Orange arrow)
Requirements: Positive earnings report and price moving above the former Swinglow (blue line)
Stop- Loss: 2 Days closing under the Swinglow level (blue line)
Invalidation: Price never retakes the Swinglow level
Target: Filling of the Gap and engulf of the Short term high.
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for entertainment purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh
Price is currently under the former Swinglow (lower blue line) that lead to the recent Swinghigh. With earnings and revenue date coming up (8 November) i´m looking to take a buy position.
Scenario (Orange arrow)
Requirements: Positive earnings report and price moving above the former Swinglow (blue line)
Stop- Loss: 2 Days closing under the Swinglow level (blue line)
Invalidation: Price never retakes the Swinglow level
Target: Filling of the Gap and engulf of the Short term high.
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for entertainment purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh
Order cancelled:
Requirements were only half fullfilled, therefor trade cancelled. Will look for other entries.