AMC earnings is in 6 days.
I really like the setup AMC has
Here's why:
1. Earnings estimates are low: its estimated that AMC will get around -0.63, last earnings it did -0.26.
2. Its in a strong demand zone.
3. Thick bottom BlueWave
When to enter?
Enter once AMC breaks the resistance Line
Set an alert on these Lines.
I don't recommend going heavy since meme stocks are very unpredictable, here's some trade suggestions:
1. Sell PUTS
2. Buy the shares (less than 25% of your portifollio)
3. Buy Monthly CALLS (less than 10% of your portifollio)
I really like the setup AMC has
Here's why:
1. Earnings estimates are low: its estimated that AMC will get around -0.63, last earnings it did -0.26.
2. Its in a strong demand zone.
3. Thick bottom BlueWave
When to enter?
Enter once AMC breaks the resistance Line
Set an alert on these Lines.
I don't recommend going heavy since meme stocks are very unpredictable, here's some trade suggestions:
1. Sell PUTS
2. Buy the shares (less than 25% of your portifollio)
3. Buy Monthly CALLS (less than 10% of your portifollio)