AMC Entertainment
Long
Updated

AMC at a great buy price, but keep it small.

update to last post - buying swing calls on this pullback with price around 17.80. Price may move down to 17.40-17.00, based on 30min chart, so I am keeping it a small position to hold. Will exit fully below 17 or if I do not see RSI and stochastic becoming more positive.
Trade closed manually
Volume shelf resistance 18.15-18.25, as seen on smaller timeframes, and stock sold down from there. Price needs to hold over 18.30 for 30min chart to look better. Right now RSI and MA's are indicate lower price on 30min chart. This was a "maybe" trade for me, so I sold calls for a tiny loss and will reconsider if price gets closer to 17.

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