Keep It Simple With AMC | 9/5/2021
Looking to break $50, the maximum I think it could go down to would be $35. If it goes below $40, I would pick up more shares.
Going off of the cycle theory, the squeeze could be later this month as it measures to be the same amount of time.
Look for increase in volume.
GME earnings coming up later this week, could be a catalyst.
I'm looking to sell part of my position in the $70 range, but I think a realistic price target could be $145 - $200. Don't listen to youtube videos that say "6 Million is the floor". Always make a trading plan.
As always, remember this is not a fundamental play, and this stock has a different kind of value. A good buy signal that I have noticed is when The Motley Fool posts a negative article about AMC.
Going off of the cycle theory, the squeeze could be later this month as it measures to be the same amount of time.
Look for increase in volume.
GME earnings coming up later this week, could be a catalyst.
I'm looking to sell part of my position in the $70 range, but I think a realistic price target could be $145 - $200. Don't listen to youtube videos that say "6 Million is the floor". Always make a trading plan.
As always, remember this is not a fundamental play, and this stock has a different kind of value. A good buy signal that I have noticed is when The Motley Fool posts a negative article about AMC.
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