AMC - Long Buy Possible X2-X4 Profits
Updated
I think AMC is a steal right now you could wait till it hits resistance and sell again, however I would be worrisome the virus ends and you may not get a second opprotunity. Also AMC is a stock I feel as if has great sentiment and has been around for a very very long time. At minimum 30% gains.
My opinionated option or long term buy in is around 2.08-2.20. Both levels will be a 3rd or 4th restest of support. If it holds we should be good to go.
Downside opinion: somehow virus drags out, news gets worse and you see it tank to 1.50-1.60. If you are longing though even 2.08 to 1.60 isn't the worst seeing as that support level should have a major bounce. I would set alerts and see if support holds if it breaks support set the next alert in that 1.50-1.60 range.
Thoughts?
AMC
NASDAQ:GLDSY
DOW
DIA
My opinionated option or long term buy in is around 2.08-2.20. Both levels will be a 3rd or 4th restest of support. If it holds we should be good to go.
Downside opinion: somehow virus drags out, news gets worse and you see it tank to 1.50-1.60. If you are longing though even 2.08 to 1.60 isn't the worst seeing as that support level should have a major bounce. I would set alerts and see if support holds if it breaks support set the next alert in that 1.50-1.60 range.
Thoughts?
AMCNASDAQ:GLDSY
DOWDIAComment
AMC holding support on dailyComment
Overall ViewComment
Only issue with AMC is earnings report coming out. Other than that the pink candle is perfect need to break the neckline and test the support then it should be a big bull run.
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