AMC Entertainment
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AMC looking stronk

323
Ok, time to consider taking a long, I nailed the short before and now its looking to me like we could see a markup from the recent consolidation.

Possible inverted head and shoulders pattern, entry, stoploss, take profit 1 and 2 shown on chart.

TradeStation published an idea of a bull flag and I like that but think there is too much uncertainty in the markets to aim for a full bull flag target so I am settling for the pattern and targets shown on chart.
Nota
dangerously close to the $49.50 stop entry, looks like it is getting stale and shadowed by adjacent markets.
Nota
like I said in the update, "stale". I throw stale things away and would have rejected this trade on the 9th before it even got started.
Nota
And the price action we just watched unfold after September 9th(the day I canceled this idea) is a prime example of why you cancel stale trades.

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