We are beginning to retest the $50 level, a key resistance level based on previous price action.
We have a Cup and Handle breakout, above previous highs $48.30 (8/24-8/25) confirms this.
We have very good support at the $40 level.
We also have a crossover of the 20 EMA above the 50 EMA, which generally indicates a trend change in the bullish case.
We are steadily increasing RSI levels, with breakout from June 2nd - August 5th RSI downtrend.
There is still much room for the RSI to expand.
On the MACD, we still have continued to gain momentum.
Volume has been increasing nicely these past few days compared to the average volume on daily.
I believe that above the $50 level there is tons of room for
AMC to grow.
I am very bullish on this stock! Please let me know what you think of my idea. All comments welcome.
Follow + Like + Check out my Previous Ideas onAMC on my Profile!
We have a Cup and Handle breakout, above previous highs $48.30 (8/24-8/25) confirms this.
We have very good support at the $40 level.
We also have a crossover of the 20 EMA above the 50 EMA, which generally indicates a trend change in the bullish case.
We are steadily increasing RSI levels, with breakout from June 2nd - August 5th RSI downtrend.
There is still much room for the RSI to expand.
On the MACD, we still have continued to gain momentum.
Volume has been increasing nicely these past few days compared to the average volume on daily.
I believe that above the $50 level there is tons of room for
AMC to grow.I am very bullish on this stock! Please let me know what you think of my idea. All comments welcome.
Follow + Like + Check out my Previous Ideas on
AMC on my Profile! Nota
RSI cooling off. Would like to see it hold $40 this week.
Join Smarter Traders 🧠 discord.gg/t8vkMapQ3m
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Join Smarter Traders 🧠 discord.gg/t8vkMapQ3m
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.