A few people have been watching AMC which has been slowly creeping up for a little while. The SI numbers are actually decent. This is still just a play that’s being put up to test this functionality out but it’s something that we’ve struggled to capitalize on in the past so a solid test case. A break of $20 could be huge or it could be a failure point.
[event timezone=“America/New_York” start=“2022-07-21 00:00” status=“public” name=“Creeping up in the volatility” end=“2022-08-05 00:00”]
[/event]
AMC is in a uptrend. The current trend matches the sentiment of the play. It’s suggested that you wait until the next BUY signal or weakening downtrend signal before taking entries on this bullish play.
In addition to this I like a safer entry around 17 to 17.50 but it may not dip back down that low but will be watching. The best entry was when it bounced on 16.50 and 17 so it will be tough for me to try now as I should have caught it earlier. Def could still be a good play though.
Morning Update The last AH signal for AMC was a STRONG SELL on the 30m Timeframe
The last signal can occasionally be indicative of a sustained trend, however opening volatility can quickly change the situation so be sure to be mindful and take profit if you see it.
Morning Update The last AH signal for AMC was a BUY on the 30m Timeframe
The last signal can occasionally be indicative of a sustained trend, however opening volatility can quickly change the situation so be sure to be mindful and take profit if you see it.
