AMC TO THE MOON
Since May 12th: AMC has broke above the 50 EMA which is usually a bullish signal, it has also formed a beautiful ABCD Pattern , and broken out of a bullish wedge. I bought calls between point B and C after some sellers took profits and there was a correction, I knew people who got in early were wanting to take profits so I waited patiently until AMC found a support level (point c). I didn't want to get in too late either because I know once price got back up to B level, it was bound to take off from there.
I am currently in some May 28th calls I purchased last week during the price correction and all three of them are up more than 100%, I couldn't paper hands until my first target is reached.
AMC is up nicely after hours, if price breaks through my first target of $17.05 then theres a chance AMC could revisit AH range and possibly break its all time high's, we shall see.
I will plan to take majority of my profits once my price target is reach at the yellow horizontal line.
I am currently in some May 28th calls I purchased last week during the price correction and all three of them are up more than 100%, I couldn't paper hands until my first target is reached.
AMC is up nicely after hours, if price breaks through my first target of $17.05 then theres a chance AMC could revisit AH range and possibly break its all time high's, we shall see.
I will plan to take majority of my profits once my price target is reach at the yellow horizontal line.
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