Is AMC setting up to go long?

2 giu 2023

On the 15 minute chart, AMC is in deep vundervalued territory between one and two standard

deviations below the mean VWAP band. IT is near to and abouve to cross over the central POC

line of the volume profile. It is the price area where the highest volumes of trading have

occurred. The zero-lag MACD shows a buy signal with a K and D line intersection under a green

histogram while the RSI Ichimoku shows relative strength to have risen from the bottom of

its upward-sloping regression channel and over the 50 value. Overall I see a potential setup

here for a breakout. It might be the best time to get a ride on a rocket is before the launch.

FOMO riders typically are disappointed. I will take a long trade with 1/4 my usual risk and

Que Sera Sera.

2 giu 2023

Trade attivo

AMC popped up a bit and then did the usual end-of-the-week selling action. More next week.