AMC, POSSIBLE SETUP!
Hello fellow traders and investors AMC has pulled back to the support at around 40$. AMC tends to push up when it approaches this strong level of support. It offers a 25% ROI to the first take profit and a 50% ROI to the 2nd take profit. If I do take a trade on AMC I will close my position before market close because of the volatility present in these types of meme stocks.
Take Profit: 49$
Stop Loss: 38.50$
Technicals:
- RSI=Oversold
-Moving averages still indicating a downtrend
Fundamentals:
- Market Cap: 22.19B
- Sales Last 12 Months: 450M
- P/E: -
- P/S: 49
- Debt/Equity: -
- Sales growth Q/Q: -84%
- EPS growth Q/Q: 93%
- Profit Margin: -
- Short Float: 17%
If you enjoyed the analysis make sure to like and follow for more! Thanks!
Take Profit: 49$
Stop Loss: 38.50$
Technicals:
- RSI=Oversold
-Moving averages still indicating a downtrend
Fundamentals:
- Market Cap: 22.19B
- Sales Last 12 Months: 450M
- P/E: -
- P/S: 49
- Debt/Equity: -
- Sales growth Q/Q: -84%
- EPS growth Q/Q: 93%
- Profit Margin: -
- Short Float: 17%
If you enjoyed the analysis make sure to like and follow for more! Thanks!
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