TRADING TIPS

AMC New Buy Signal with Target

Hubert Senters here.

Let’s take a look at AMC. Technically, it is a long again believe it or not folks so we’ve had a vertical move here when it was a meme stock on Wall Street bets where it went vertical.

And then it pulled back this ambush zone which is a 50 percent and and now it’s speed up a lot of people and it does its sideways consolidation.

Now, you’ve got a one day by signal above the cloud which could potentially so now we’re going to reverse this.

What we’re going to do is we’re going to reverse from the high to the low and look for a target of potentially $50 to $55.

So it’s not going to be a big massive gain but if it can slice too that it might have potentially a little bit more legs.

Good luck. Hope it helps. See you on the next video.

Hubert.

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