AMC (Buy before the Breakout).
AMC is at a low of $35.95 (pre-market).
Placing an order at or near pre-market will assure the lowest price before the breakout.
A breakout of nearly 30% by weeks end is within reason by placing a bars pattern (black bars) copied from: September 13th, to September 20th. The key is FLIPPING the price trend, this would also account for the R.S.I reaching or getting near the 30% marker or crossing the red trendline (resistance). Divergence on the relative strength index would be ideal, staying BELOW the red line.
Possible trading could be predicted by placing a copied bars pattern from September 30th to October 26th (purple bars).
Extended redlines from the symmetrical triangle can be used as support-lines.
*This should be seen STRICLY as a Trading Journal, and not any kind of real Trading Advise.*
related AMC published idea linked below:
Placing an order at or near pre-market will assure the lowest price before the breakout.
A breakout of nearly 30% by weeks end is within reason by placing a bars pattern (black bars) copied from: September 13th, to September 20th. The key is FLIPPING the price trend, this would also account for the R.S.I reaching or getting near the 30% marker or crossing the red trendline (resistance). Divergence on the relative strength index would be ideal, staying BELOW the red line.
Possible trading could be predicted by placing a copied bars pattern from September 30th to October 26th (purple bars).
Extended redlines from the symmetrical triangle can be used as support-lines.
*This should be seen STRICLY as a Trading Journal, and not any kind of real Trading Advise.*
related AMC published idea linked below:
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