Price is close to handle low. Very close. In fact it has dipped a little lower. I see strong S at 171(ish) The rising wedge caused a shortage of buyers
Earnings 8-26 amc
I am watching this closely. Under the handle low is where I place my stop. In a strange way, this is becoming a safer trade. The stock is out of the lower trend line of the rising wedge. I am watching to see how far she falls as it can be the whole width with a weaker stock. I am hoping the handle low saves it (o:
I feel this is a strong stock and I am long when I feel descent complete.
Patience can be a virtue they say
Not a recommendation/just an observation
Earnings 8-26 amc
I am watching this closely. Under the handle low is where I place my stop. In a strange way, this is becoming a safer trade. The stock is out of the lower trend line of the rising wedge. I am watching to see how far she falls as it can be the whole width with a weaker stock. I am hoping the handle low saves it (o:
I feel this is a strong stock and I am long when I feel descent complete.
Patience can be a virtue they say
Not a recommendation/just an observation
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