Is AMC setting up to go long?

2023년 6월 2일

On the 15 minute chart, AMC is in deep vundervalued territory between one and two standard

deviations below the mean VWAP band. IT is near to and abouve to cross over the central POC

line of the volume profile. It is the price area where the highest volumes of trading have

occurred. The zero-lag MACD shows a buy signal with a K and D line intersection under a green

histogram while the RSI Ichimoku shows relative strength to have risen from the bottom of

its upward-sloping regression channel and over the 50 value. Overall I see a potential setup

here for a breakout. It might be the best time to get a ride on a rocket is before the launch.

FOMO riders typically are disappointed. I will take a long trade with 1/4 my usual risk and

Que Sera Sera.

2023년 6월 2일

액티브 트레이드

AMC popped up a bit and then did the usual end-of-the-week selling action. More next week.