Hello fellow traders and investors AMC has pulled back to the support at around 40$. AMC tends to push up when it approaches this strong level of support. It offers a 25% ROI to the first take profit and a 50% ROI to the 2nd take profit. If I do take a trade on AMC I will close my position before market close because of the volatility present in these types of meme stocks.
Take Profit: 49$ Stop Loss: 38.50$
Technicals: - RSI=Oversold -Moving averages still indicating a downtrend