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AMC - Long Buy Possible X2-X4 Profits

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I think AMC is a steal right now you could wait till it hits resistance and sell again, however I would be worrisome the virus ends and you may not get a second opprotunity. Also AMC is a stock I feel as if has great sentiment and has been around for a very very long time. At minimum 30% gains.

My opinionated option or long term buy in is around 2.08-2.20. Both levels will be a 3rd or 4th restest of support. If it holds we should be good to go.

Downside opinion: somehow virus drags out, news gets worse and you see it tank to 1.50-1.60. If you are longing though even 2.08 to 1.60 isn't the worst seeing as that support level should have a major bounce. I would set alerts and see if support holds if it breaks support set the next alert in that 1.50-1.60 range.

Thoughts?

NASDAQ:GLDSY

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AMC holding support on daily

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Overall View

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Only issue with AMC is earnings report coming out. Other than that the pink candle is perfect need to break the neckline and test the support then it should be a big bull run.