#AMC Long

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#AMC Long AMC Entertainment Holdings, Inc. Class ABATS:AMCTradeKing417Heikin Ashi on the monthly interval. We have 4 days left until the next candlestick appears. The theory to my strategy is that. As long as the body of the current candlestick stays above the $2 price line, the next candlestick should open above the $2 price line within the 4 days till next candlestick appears. If the market opens above the $2 price line in 4 day’s, we could see a potential bullish market between $2-$3 in the next month candlestick. I say this because when you look at the wick of this current candlestick, it tested near $3. I do still consider AMC in a sellers market until it passes my $3 line. If it continues past $3, my exit would be between $7-$10 . Since the body of the candlestick is above $2. I use it as a support. From $2. My S1-$1.70, S2-$1.50. My resistance is R1-$2.30,$2.50. I’m optimistic for bull, just consider that you can still make money shorting the stock and holding long or making calls.