AMC showing some pattern development that could be significant indicator of higher prices. We got our trusted Gann Lines- and the alternate harmonic patterns showing some reliable confirmation for upside potential. This kind of trade is not for the squeamish. Set your stops (to those people).. the price action could get jerky. However long term I see significant upside.
Trade active
Trade entered 11.89Note
If price gets over 12.30 on good volume- that's a good break out.. We have not done that yet.. so stay tuned.Trade active
If no action above 12.30- price could come down to 10:25 ish -if so reset. Set your stops.Trade active
We got the pop up... expect some retrace.. markets are responding :)Note
Up a whole dollar within 2 hrs of initial call! Intermediate target 13.55 then to 14.90Note
AMC price needs to stay above 12.88 to be long.Note
AMC relaxing a bit, but should find support at 13.50-13.55 area. Good re-entry point for late participants in this equity.
Moorsc0de aka Crypt0nomics aka Zaphkiel
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.
Moorsc0de aka Crypt0nomics aka Zaphkiel
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.