Potential outside week and bullish potential for AMC

25 ago 2024

Entry conditions:
(i) higher share price for AMC above the level of the potential outside week noted on 23-Aug.

Stop loss for the trade would be:
(i) below the swing low of 19th August (i.e.: below $15.53), once the trade has activated.

2 set 2024

Trade attivo

UPDATE (week ending 30-Aug): Trade activated 27th/28th August, with share price closing above both 10 and 30 day MA's at the end of trading week.

8 set 2024

Trade attivo

UPDATE (week ending 06-Sep): Observe market reaction to potential support/resistance line here - suggest to close position in event of failure - potential Darvas box formation - (remember, you've also received a dividend).

15 set 2024

Trade chiuso manualmente

UPDATE (week ending 13-Sep): Close below the low of the potential Darvas box formation noted in the last week's annotation above - suggestion from the charts to close out the trade for a scratch for this reason, as well as poor performance compared to the overall market on the final two days of trade for the week (remove from watchlist).