Leaning long on this one based on Fundamentals.
Although recessionary pressures dominating the short-run perspective, the medium to long-term both indicate insufficient supply to meet still growing global demand.
Bullish over intermediate - long-term.
$AMC bull flagging above major support level. Looking at the Monthly chart, $35 is strong support, and we are consolidating above that level. Monthly RSI shows a reading of 60.73 currently, which is a tad on the higher end, but certainly not in overbought territory. Monthly MACD shows a lot of upside momentum in this stock, and the breakout of $35 on the monthly...
$NIO - Chinese Electric Vehicle Maker
From a technical perspective, this stock looks nicely set-up for another leg higher. If we zoom out from the chart above to the Monthly and Weekly time-frames, we see this same bull flag consolidating above major support at roughly $30. It is always a great sign to see confluence of trading signals when zooming out to the...
