AMC - Longer term Fallen angel momentum Long from $15.07
AMC is another longer term play that we are watching from some time. It looks very interesting as it seems breaking out of a downward channel formation. It also has very good insider buying. We think it has strong upward potential.
* Trade Criteria *
Date First Found- February 15, 2018
Pattern/Why- Downward channel breakout Long; Longer term smart money play
Entry Target Criteria- Break of $15.07
Exit Target Criteria- Momentum
Stop Loss Criteria- $11.93
Indicator Notes- Twiggs Money flow divergence and broke out to the positive side.
Special Note- Big buying in 2017
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- February 15, 2018
Pattern/Why- Downward channel breakout Long; Longer term smart money play
Entry Target Criteria- Break of $15.07
Exit Target Criteria- Momentum
Stop Loss Criteria- $11.93
Indicator Notes- Twiggs Money flow divergence and broke out to the positive side.
Special Note- Big buying in 2017
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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