Things I like about longing AMC:
I have my targets at $25 and $48...
- Bullish RSI divergences
- An ~85% pullback from the lows around $2 and the highs around $70
- Entertainment has thrived in past recessions
- AMC shows are top notch
- Potential to profit quickly due to short sellers and hype
I have my targets at $25 and $48...
Trade closed manually
Note
AMC is now a really nice short opportunity.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.