AMC can price rise from the all-time low ? LONG
Updated
On this 15 minute chart I see support for upside on AMC now at its all time lows. My target is
recent tweezer tops at 4.27 with a stop loss set at 3.93. Any price rise at all will likely start
short seller's buying to cover and close to be added to new long buyers supporting a move
higher. The dual TF RSI indicator shows a bottom at the all time low and bullish divergence
compared with the price action which is sideways for the moment. The Mass Index indicator
with a rise then fall over the threshold and trigger levels has signaled a reversal. I will take
a long trade of both long shares and a call option. An alternative to hedge is long shares and
put options at a ratio of 100:1 with the puts as cheap " insurance". If a short squeeze
( ? moonshot) ensues, the put option will stop out or get crushed to a complete loss of no
consequence in the greater overall trade.
DISCLAIMER Any long trade from an all-time bottom is extremely risky- only trade cash that you can afford to burn and not feel bad about it.
recent tweezer tops at 4.27 with a stop loss set at 3.93. Any price rise at all will likely start
short seller's buying to cover and close to be added to new long buyers supporting a move
higher. The dual TF RSI indicator shows a bottom at the all time low and bullish divergence
compared with the price action which is sideways for the moment. The Mass Index indicator
with a rise then fall over the threshold and trigger levels has signaled a reversal. I will take
a long trade of both long shares and a call option. An alternative to hedge is long shares and
put options at a ratio of 100:1 with the puts as cheap " insurance". If a short squeeze
( ? moonshot) ensues, the put option will stop out or get crushed to a complete loss of no
consequence in the greater overall trade.
DISCLAIMER Any long trade from an all-time bottom is extremely risky- only trade cash that you can afford to burn and not feel bad about it.
Trade active
Heavy overall analysis article here :investors.com/research/amc-entertainment-stock-buy-now/
Note
Relevant Video youtube.com/watch?v=vj5Oq1LgI6cNote
Another relevant video youtube.com/watch?v=WwJJ7g1c5rwNote
AMC dropped today but so did the general market. Holding to see action on an up market day.Trade closed: stop reached
AMC may never find a bottom.Trade active
AMC bounced after descent to a lower support. The long trade is re-enteredTrade active
AMC pumping into a high tight flag. Profit-taking may cause a little dip this afternoon just in time to get a call option for next Friday expiration
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.