$40 Support or Bust
AMC has been a dead horse of a meme for far too long. Volume is trash, virtually no support, and lackluster attempts to breakout since the rise past $55. I was fortunate enough to make a quick buck with a few calls from $32 - $45 and haven't touched it since the climb up. If I had to choose, I'd get some $40 puts at least a month out. Looking at the MACD, RSI and Volume trend, this trash has a 60% chance of falling past $40.
If AMC bounces off of $40, then it has a chance of a relief rally aiming towards the $48 - $53 range once more. Good luck, and don't bag hold this just because of some internet points.
If AMC bounces off of $40, then it has a chance of a relief rally aiming towards the $48 - $53 range once more. Good luck, and don't bag hold this just because of some internet points.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.