Incogniteaux

Possibilities for a strong move upward

Alış
NYSE:AMC   AMC Entertainment
In the image above there are some strong trendlines that pass through the yellow rectangle. Two are particularly strong, and two not quite as strong.

The downward trendline cuts through the other three, and I believe one of those will be where we see a drastic upward movement.

Why?

It's a uhnch, really, but I believe that this is a heavily manipulated stock so otherwise recognizable patterns might be distorted. I don't think we'll see a significant upward move above the downward trendline until the price action establishes itself along one of the upward ones. It's essentially a wedge, but with lots of downward pressure from synthetic positions. That, of course, can only last so long. It may take until the last week of August, but I see it happening before then. The completion of this loosely shares the same timeline as my prior post about e-minis. I see emini's upward climb failing in mid Aug.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.