A huge rounded bottom has been spotted on AMC.
⭐Neckline Resistance (30$) The 30$ level is a huge level when it comes to options. 33.5k Volume and 21k Open Interest.
⭐Short term rejection (25.35-26.5$) 7.86 Fib (25.35$)
⭐This rounded bottom pattern is valid due to its touchpoints being supported by large buying-volume.
⭐Once 30$ Is broken we face resistance at 33-34$, 36-37$, 38$ 40.5$, 42$, 44$
⭐The weekly options remain bullish (35$, 20k Volume and 25k Open Interest) (40$ 26.4k Volume and 58k Open Interest)
⭐Weekly close above 30$ signifies continuation.
⭐A Green 9 has been spotted on the TD-Sequential, this is hinting for a retracement (Normally 1-4 Candles)
⭐Watch for a break of the neckline (30$) with large volume.
⭐The target of the rounded bottom is 47$.
*WARNING* This thread is not financial advice. I am not a financial advisor.
⭐Neckline Resistance (30$) The 30$ level is a huge level when it comes to options. 33.5k Volume and 21k Open Interest.
⭐Short term rejection (25.35-26.5$) 7.86 Fib (25.35$)
⭐This rounded bottom pattern is valid due to its touchpoints being supported by large buying-volume.
⭐Once 30$ Is broken we face resistance at 33-34$, 36-37$, 38$ 40.5$, 42$, 44$
⭐The weekly options remain bullish (35$, 20k Volume and 25k Open Interest) (40$ 26.4k Volume and 58k Open Interest)
⭐Weekly close above 30$ signifies continuation.
⭐A Green 9 has been spotted on the TD-Sequential, this is hinting for a retracement (Normally 1-4 Candles)
⭐Watch for a break of the neckline (30$) with large volume.
⭐The target of the rounded bottom is 47$.
*WARNING* This thread is not financial advice. I am not a financial advisor.
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.
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.