Lack of momentum
$AMC Entertainment(AMC.US$ I thought I should share my thoughts since my last post.
Looking at the current RSI, it’s in the lower part of weak upward trend. May be a good time to buy more depending on which direction it goes next ( if support level $33.24 is being tested). Reaching $40 and above, the volatility will exceed more than 100%. Given it’s short term trend, price seems to be hovering between $35 and $53max within the next 2 months (shorts not covered). Next AV resistance is at 40.31, 43.96.
MACD sell signal is currently hitting 60.5% success. We are lacking momentum at this moment.
Looking at the current RSI, it’s in the lower part of weak upward trend. May be a good time to buy more depending on which direction it goes next ( if support level $33.24 is being tested). Reaching $40 and above, the volatility will exceed more than 100%. Given it’s short term trend, price seems to be hovering between $35 and $53max within the next 2 months (shorts not covered). Next AV resistance is at 40.31, 43.96.
MACD sell signal is currently hitting 60.5% success. We are lacking momentum at this moment.
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Tanya C : don't think we will see momentum till the Trump stocks and Berk are out of the news. Saw a story being pumped about Marjorie Taylor Greene, this morning buying into dwac , and whoa would ya look at that it's gone up. lol
Dont Lose MoneyOP Tanya C: Yes, with DWAC coming into picture now doesn’t really help with smaller apes probably jumping around to hop onto the Trump wagon, high gain/loss with high risk … pain will come when we don’t get the right timing but low sell high. Most of us in Asia we don’t get the latest news right away and by the time it comes is usually too late buy high sell Low.
UR2EZ : " Maybe a good time to buy more depending on which direction it goes next" This is the best financial advice I've ever seen
Dont Lose MoneyOP UR2EZ: I never advise, if you do not like my comment you can either simply ignore and I m totally ok about it. It’s sitting in the middle of RSI scoring with weak upward trend, literally means, If it drops, just take it that u are averaging down or if it goes up then it’s good for you .. lol.
GM 1 Dont Lose MoneyOP: Hopefully, eventually..everyone will come to realise that AMC will help cover our losses and Make our dreams come true
Dont Lose MoneyOP UR2EZ: Why don’t you share with us your trend analysis? Let us feedback , because to shoot is always the easiest
Dont Lose MoneyOP GM 1: It's dangerous to put all eggs in one basket
, but to win, we just need to find a golden egg never mind few rotten ones 