AMC Bullish Earnings Report
Updated
Due Diligence on AMC Entertainment Holdings, Inc.
Earnings report states theaters continue to reopen across the United States and internationally.
Many Americans are wanting to go back to the movies with their friends.
AMC has been oversold for essentially the entire year of 2020.
During lock-down restrictions their profits shrank to nearly 0.
Their website has been updated frequently in regards to streaming services.
Rumors about Amazon buyout of AMC in the future.
AMC continues to advance into a technology company investment.
The gigantic wedge breakout has much higher targets than the current price.
This is a long term hold, swing trade idea.
-------AMC LONG SCALP-------
Entry: Under $10.00
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Target 1: $12.00
Target 2: $15.00
Target 3: $20.00
Target 4: $35.00
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Happy Trading!
Earnings report states theaters continue to reopen across the United States and internationally.
Many Americans are wanting to go back to the movies with their friends.
AMC has been oversold for essentially the entire year of 2020.
During lock-down restrictions their profits shrank to nearly 0.
Their website has been updated frequently in regards to streaming services.
Rumors about Amazon buyout of AMC in the future.
AMC continues to advance into a technology company investment.
The gigantic wedge breakout has much higher targets than the current price.
This is a long term hold, swing trade idea.
-------AMC LONG SCALP-------
Entry: Under $10.00
-----------------------------------
Target 1: $12.00
Target 2: $15.00
Target 3: $20.00
Target 4: $35.00
-----------------------------------
Happy Trading!
Trade active
*Target 1 at $12.00 easily surpassed.
Target 2 at $15.00 up next, likely by April
Trade closed: target reached
* LONG-TERM TARGET SMASHED! *
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