AMC Entertainment
Long
Aggiornato

AMC Pro Trend RLCO Crossover

483
The 10 period linear regression line has crossed the 30 period regression line in the direction of the midterm slope (90-day regression line) setting up a possible move to the upper band (now $67). Long with confidence and cut losses upon a reversal of the trend.

Strictly speaking, I sold bull put spreads. Same thing as a long.

What this means is that you sell a put and then buy a cheaper more OTM put as insurance in case of a meltdown.
Nota
interesting also to note the higher low/double bottoms of 19 July and 23 July - supporting the trend change.
Trade chiuso: stop raggiunto

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