Fortunately,
AMC
finished it's waveC last week @ $31.13 & confirmed that with a subsequent retest on Monday (07-19). There is a high-degree probability (MACD & RSI confirm) waveD is complete, as well; topping out at $46.45 which nicely aligns with the 0.618 level ($46.72).
This Week:
There's gonna be a fight over the $40-level options - 26K OI with 55K volume today (07-21). This is where price is going to stay thru weeks-end.
Next Week:
Rinse & Repeat over the $30-level options.
Future Outlook:
Aug4 is Earnings for
AMC
. I expect nothing but good news and improvements across the board. HOWEVER, we all know what happens even on GREAT news with our fav-stonks. Yep, watch for the
I hate to break it to you (because I'm LTBullish), but, if I'm right (and it's starting to look that way,)
AMC
is going to be on discount ~$14. (I will be buying in at that price. Hmmmm, AMC210806P14 are After the $30 fight next week & Earnings Call, it's a clear drop to $14. The 0.618-level is at $13.90 and there's a STRONG Point-of-Control at $14.25.
I know that sucks to hear, but that's just the way the price bounces. But, hey, $14 is a hellavu price point to gas up.
AMC
finished it's waveC last week @ $31.13 & confirmed that with a subsequent retest on Monday (07-19). There is a high-degree probability (MACD & RSI confirm) waveD is complete, as well; topping out at $46.45 which nicely aligns with the 0.618 level ($46.72). This Week:
There's gonna be a fight over the $40-level options - 26K OI with 55K volume today (07-21). This is where price is going to stay thru weeks-end.
Next Week:
Rinse & Repeat over the $30-level options.
Future Outlook:
Aug4 is Earnings for
AMC
. I expect nothing but good news and improvements across the board. HOWEVER, we all know what happens even on GREAT news with our fav-stonks. Yep, watch for the I hate to break it to you (because I'm LTBullish), but, if I'm right (and it's starting to look that way,)
AMC
is going to be on discount ~$14. (I will be buying in at that price. Hmmmm, AMC210806P14 are After the $30 fight next week & Earnings Call, it's a clear drop to $14. The 0.618-level is at $13.90 and there's a STRONG Point-of-Control at $14.25. I know that sucks to hear, but that's just the way the price bounces. But, hey, $14 is a hellavu price point to gas up.