AMC | Rise out of the Shadows? | 1 buy scenarioOverview
Price is currently under the former Swinglow (lower blue line) that lead to the recent Swinghigh. With earnings and revenue date coming up (8 November) iยดm looking to take a buy position.
Scenario (Orange arrow)
Requirements: Positive earnings report and price moving above the former Swinglow (blue line)
Stop- Loss: 2 Days closing under the Swinglow level (blue line)
Invalidation : Price never retakes the Swinglow level
Target: Filling of the Gap and engulf of the Short term high.
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for entertainment purposes. I am not your financial advisor.
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