AMC2 trade ideas
Bullish sentiment incomingThe 50MA is converging with the 200 MA on the daily chart. If it crosses above it is referred to as a golden cross and is considered to have upward momentum. The idea is simple but can be added with other indicators to support a trade.
Bears say AMC has too much debt. I read that AMC successfully refinanced some debt. Huge win for the company. If they ever go bankrupt it ain't happening yet. They're very much still in the game.
I think technology will advance and make going to the theater attractive again.
Bullish on Roaring Kitty We have few opportunities to make exceedingly high gains on one trade, this is one of those times.
As a note don’t get greedy and if you are substantially in the green take profits or sell your investment stocks to trade with profits
I’ll be selling the spike then reentering the trade at the selloff to rebuy to the roaring kitty live feed
Th3Unkn0wn Follower's Request $AMC Thots (Thought$)@Th3Unkn0wn
Ask and you shall receive...
I really do think under 2 billion valuation is low. AMC streaming has to be in the works right? Its cheap, when hollywood changes their tune aka "woke n broke" AMC should have a resurgence of interest from movie lovers and if they incorporate streaming this is gonna be worth A LOT MORE...
No positions, just thoughts... if youre long this stock you want a BOTTOM TECHNICAL PATTERN, laid out is a nice inverse head and shoulder reversal IDEA...
"A path has been laid..."
- Prophecies
AMC LONGLooking at this consolidation setting up / gathering energy to make a run at the long term down trend line.
A spike over $6 should send us towards first red box around $7.50 and then a sharp run into $10-12 and ultimately the gap fill at 19.40 which lines up close to the long term down trend line.
AMC slow and steady?Just a general idea, seeing as August calls are getting more popular because of movies plus the movies in that time period look to have better customer yield.. ?
If markets weren't so corrupt i feel that this play over 2 months or greater is completely possible, any good news will push this higher every time in this new bullish cycle!
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