sub7m19

sub7m19

Short term plays for $AMC. LMK what you think

sub7m19

NYSE:F Indicators that I use: * Purple = 9 EMA *White = 21 EMA *Light Blue = 200 EMA Since markets have been flooded with fed money and a lot of reaction of overselling and overbuying on good and bad news (this market doesn't make any sense), I put a short term analysis on why I am temporary bullish. Reasoning: Using the 30 min Intra day chart, the first...

sub7m19

There seems to be an ascending triangle forming. Green Candles aren't large and sporadic, but are rather consistently. There currently seems to be an area of low volatility or also known as consolidation area in which price is respecting the lower wedge of the ascending triangle. Here are some pros: Daily: Price previously closed above the 8 EMA, and is currently...

sub7m19 Updated 

EMA 9 has crossed the EMA 21 with a closing of a green candle above the both EMA's, and formation of an ascending triangle has been formed. Large amounts of volume to indicate that trend will continue to increase in a bullish fashion. Just my inexperience 2 cents.

sub7m19

There is clearly a strong uptrend going on. Planning on waiting for the price to drop a little towards the lower trend line and then see it spike up and most likely break the resistance at 1.25. All indicators say this is a good buy!