AMC is showing an initial long signal with an EMA crossover after a pretty heavy drop. It’s not a confirmed reversal yet, but it’s the first decent trigger in a whilePrice is holding above 1.20$ while it stays above that staying long makes sense. If volume comes in, it could move fast.
Here’s how I see it:
Entry: 1.22$/1.26$
Target: 1.50, then 1.80, and around 2.20 if a squeeze kicks in
Stop tight at 1.05$
Below 1.00$, it’s over and it could head back down.
Trade active
1st target reached, half position closed.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.