‌AMC Entertainment-buy/wait?

Michane
2021-09-06

I see a lot of tigers who have this share. And it does get tempting at times.

Hence, just sharing a little analysis here for $AMC Entertainment(AMC)$

Same as my previous analysis for $Apple(AAPL)$, I would use the 3 indicators:

1) MACD

2) Bollinger bands

3) RSI

MACD showed that the BLUE line has already crossed the RED line for quite a while & it seems it has already gotten over the "edge" & soon it will get closer on converging with the RED line. So do not "herd" with the crowd & enter at this point.

Next, the bollinger bands looks like it is going to expand. So do be aware that if it does, it could dip any moment.

And checking the RSI, I would also take a look at the history chart below for the period between June-July 2021:

Clearly this showed that the RSI would be dipping at the point when the BLUE MACD line got closer & eventually converged with the RED line.

So, have a little patience, wait & see further what will happen when the market re-opens after the weekends. Do not jump on the bandwagon too soon!

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Comments

  • Ag1718
    2021-09-08
    Ag1718
    ?☀️ Hi , September is a good month for everyone, but not too greedy u will cover your good luck..If u don’t believe u can try… You will received what you want..?????❤️??
    • GacktEngReplyMichane: 
      Comment and like pls
    • Pearara: 
      [开心]
    • Ag1718ReplyMichane: 
      Thanks
    • MichaneReplyAg1718: 
      I hope my video explanation of the 3 indicators can help u:
      https://youtu.be/A9Vv65shmwY
    • MichaneReplyAg1718: 
      u don't need to take expensive courses to learn, ask Google or YouTube u will get what u need ;)
  • Kingvect
    2021-09-09
    Kingvect
    Can't compare AMC and Apple...totally different kind. You used this method may work at Apple share, doesn't mean it work at others
    • Michane: 
      Yes agree, there is still a 1% that it may not work with some shares.
      So, to be on the safe side.. I would love to see the blue MACD line just started crossing above the Red MACD before loading up
  • KYHBKO
    2021-09-09
    KYHBKO
    waiting based on the charts ... but this may not apply with meme stocks
    • Michane: 
      Yes. For long term investing, it would be too late.
      If the blue MACD line just started crossing above the Red MACD it would be fine
  • StayHome
    2021-09-09
    StayHome
    This stock gets tempting to buy but also tempting to sell due to its daily fluctuation. Therefore, buy and hold is for those waiting for the squeeze while wait to buy is suitable for those hit and run
  • Rosickytcc
    2021-09-09
    Rosickytcc
    Probably this is a low price when you look back from end of this year
    • Michane: 
      I still think that the price is too high [害羞]
  • ilovekirby
    2021-09-16
    ilovekirby
    Buy only if you can afford to lose the money. Many are playing the “wait for the squeeze” game. Otherwise, there are plenty of other stocks to buy.
    • Michane: 
      Thank you for your tips, I never buy because I realize after using these TA for the chart it keep changing.. it's too volatile for me [呆住]
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