Calling the top
Updated
Position: Long put around @ $66 and $56 with expiration spread between today and 4 weeks out.
Target: $32 - Full retracement of this weeks pump.
Reasoning:
AMC has 6x'd. Daily RSI rarely stays up here for long.
Target: $32 - Full retracement of this weeks pump.
Reasoning:
AMC has 6x'd. Daily RSI rarely stays up here for long. Note
Note
Volatility has dropped.. Is this the breakdown of the current uptrend happening?
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