I am expecting a bullish move to structure, only temporary in my opinion. Theory is after huge impulse moves the market comes back at least to the 50% mark followed by another move up and then finally dropping to the start of the impulse move. Look for signs of reversal upon entry of the neutral zone, expect an sharp move down once it begins dropping. Any questions, feel free to ask, I am here to help. Happy Trading !
Trade active
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As expected, AMC continues to drop in will drop for the next couple of weeks maybe even months. The huge move up was just an impulsive move and has trapped now all those who actually bought it when it reached $60 or more. Do you homework, look at previous data prior to when even COVID came to light, AMC has never been at $70 prior to its most recent move up. Hope this helps. Happy Trading !
Trade active
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AMC is slightly away from target as expected before AMC takes a breather and starts consolidating or try for a small push up. For those who have sell orders, it is completely up to you whether you take your profits or want to wait for another drop (it will drop) just got to wait for it. Hope this helps, enjoy your profits & Happy Trading !!!!
Trade closed: target reached
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I posted this a while back and it did hit the targeted area. Those that are still in this trade, I hope you brought your parachutes because this is about to drop big time. Happy Trading !!!
@BreadNButter, No one can predict the future, but I still see 1 more move down before the market balances itself out. That is my theory when it comes to impulse moves. Good Luck & Happy Trading.
fojumdk
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@Vic_Tech_Trader, What are you talking about exactly? Market balance? Does not apply to AMC. Amc stock price right now has nothing to do about the fundamentals of AMC. So please explain?
Moon911
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@fojumdk,
They are old generation of trader lol.
Gama squeez is very possible this week with options analysis !
LFG !
Vic_Tech_Trader
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@relievedEnthus17401, Old generation traders lol. Based on your profile you must be an expert at trading, oh nevermind there is nothing to see on your profile bc you don't share ideas which means that your probably looking for others to confirm your trading moves. Sorry brother, but I do what I do to help others. If you disagree with my ideas thats fine, it's not my money you burning. Best of Luck to you brother & Happy Trading.
Vic_Tech_Trader
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@fojumdk, Listen brother, your type of trading is obviously different then mine and I respect that. I have been trading for yearS. I am a technical trader, yes, I care about fundamentals (to some extent) like quartgerly earnings etc, however, look at what happened to RBLX, Look at whats happening to NIO, what happened to GameStop. All had impulse moves and some have come ALL THE WAY BACKand there are others who still working their way back down. If you don't agree with my prediction thats fine, I respect that. If your buying AMC then best of luck to you & Happy Trading !
fojumdk
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@Vic_Tech_Trader, Yes your trading is different. Insitutions (hedgefunds) are borrowing more money than ever from the feds. Wonder why they are in big trouble.
If they dont cover soon it will get dangerous for them
Vic_Tech_Trader
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@fojumdk, I agree. Lucky for me, I don't trade hedge funds. The same people said about Crypto, TO THE MOON !!!!!! Well they must have ran out of fuel bc haven't they all dropped drastically? Is it pure coincidence (Not for me). Thanks for the feedback brother. Good Luck and Happy Trading !
fojumdk
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@Vic_Tech_Trader, Well dogecoin did moon because of the people and amc will probably do the same.
Vic_Tech_Trader
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@fojumdk, Well lets talk about FACTS. You know what also climbed big time? HERTZ after they declared bankruptcy however, retail traders shot it up one last time before it was finally over. What you talk is about HYPE. Retail traders "HYPE" a stock or Crypto in "HOPES" it moves their way. Lets just hope for your sake it does go up for you because I can really care less whether AMC plummets or not. I have my money somewhere else.