Hi
AMC Entertainment-buy/wait?
@Michane：
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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