AMC stock rebounds after last weeks pullback. AMC stock is trading 8% higher after a technical bounce at the $35 support level. AMC stock is now trading above the 180 day EMA (exponential moving average) and finally trading above $40 a share. Now the questions everyone is asking, is now the time to buy AMC stock at $40 a share, here are my thoughts!
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Hey what's going on team, so a quick update for you guys. This is ticker symbol! Amc it's up a little bit over eight percent. So far on the day, one of the things that i want to point out is yes. I personally do have on my weeble account a little bit over 3 400 shares this amounts to about 10 000 on the day overall, on my fidelity account, i made a video a couple days ago saying that i was buying 12 000 shares of amc.

Here's a quick little update for you guys on my overall p l uh, not just on my amc position, but i'm down 5000, today alone on my tesla short uh heads up tesla reports, earnings today uh, but i made 46 000 today when it comes down to My amc position again part of this is a recovery i bought at an average purchase price of around 37.75 to around 38 dollars. Just make sure you take that into consideration um. Why is it well? The thing that i want to share with you is the reason why i'm still holding so like: why have i not locked in profits on amc? One of the things that i want you guys to know within this video is at the end of the day. If you want to lock in profits right now, all powered to you, i'm never here to convince you to hold a position for a movement at the end of the day as a day trader as a trader in general, as an investor.

Make sure that you do your part in taking advantage of opportunities that make sense to you and never be afraid to lock in profits. One of the main reasons that i'm deciding to stay in amc is, i viewed the dip to be an opportunity right. It pulled on back to lows of around 35. It began to indicate signs of a reversal, and today alone, on the four-hour time frame again.

This is what i see with the break above the ema line and based off of previous resistance levels that used to act as old support levels. You guys can see that from where we're at as of right now now trading above the four hour ema, which is a great indication of an uptrend uh to that estimate line. It offers nearly 20 if it were to make a recovery just to the sma line and if we were to make a recovery back to that, sixty dollar resistance level. That's a fifty percent potential.

Again. I am deciding to take advantage of this with my position. My position size because i understand the risk and i understand the opportunity, if the risk versus reward just isn't worth it for you, if you're a new trader, if you're an absolute beginner and you would rather lock in profits right now. I am always here to encourage you to do so.

If that is what you originally had planned right, i wanted to update you guys through the progress. I was updating you guys on the red day. I wanted to update you guys on my green day as well. So again, it's amazing opportunity to see that amc has pushed up eight percent, it's a step in the right direction.

I looked into it there's no fundamental reason on why it gapped up today. So i looked at all the different news. Looked at all the different reasons, as of right now, it just again on the technical side pulled on back it sold off enough that it began to indicate signs of a support, and today we just saw enough price action enough momentum, and the rally was just so Strong today that we kept surpassing every resistance level if we go on the one day, one minute chart. One of the things that i personally want to point out is the reason that i'm not here to encourage people to hold is because it's obvious that at forty dollars it doesn't hold very well for amc, and you guys could see this firsthand that you guys can See every single time that it pushes up to forty dollars, it pulls right on back forty dollars pulls right on back hits highs of forty dollars pulls right on back so again as we're at 40.
One of the things that i did is with our learn plan. Prof group is, i encourage them that hey just a reminder, we're back at 40 a share, and if you want to lock in profits all power to you, never hold a position to please someone else. I can't stress that enough. One of the last things that i want to talk about is tesla tesla during after market hours, in just a couple of minutes should be reporting earnings and if this acts as a negative catalyst right, if they report less than expected and not beating expectations when it Comes down to earnings, we should see a big drop.

If it comes down to tesla exceeding expectation, then we should see a big push. I'm very excited to follow up. But again i just wanted to do my part in updating you guys on both my green days and my red days. I made a couple thousand dollars when i was shorting tesla as it came down from overall highs of seven hundred dollars.

I made about uh ten to eleven thousand dollars shorting, it all the way back down to the sma line. Now things are not necessarily going exactly according to plan, but i have a little bit of a lighter position just because of that so again, updating you guys, both on my red days and of course, on my green days, so 41 000, all together on the day. So far, and then, when it comes down to my weeble account alone, i'm up a little bit over ten thousand dollars, uh, so a little bit over fifty thousand dollars on the day uh. Let me know in the comment section what you guys think about amc.

Do you plan to be someone that is going to hold amc? Do you think that you're going to be selling at the sma line um, which offers nearly 20 from where we're at right now, or do you plan to lock in profits right now? I don't think. There's a right or wrong answer at the end of the day, it is your job to take advantage of opportunities that make sense to you and to lock in profits when it makes the most sense. So again, congratulations to our giveaway winner. I just posted them on instagram and if you want to partake in that giveaway, just make sure that you're subscribed to the youtube channel and that you drop a thumbs up.

So i appreciate you guys time. I hope that we earned your thumbs up. Uh consider subscribing and, like always, let's make sure that we end the year on a green now, take it easy team.

By Stock Chat

where the coffee is hot and so is the chat

34 thoughts on “Is amc stock worth buying at $40?”
  1. Avataaar/Circle Created with python_avatars jean gaut says:

    Hope u loose It all Bro , i can feel the yate from all ur comments its such a shame u loose all ur identity and being país of to Talk about amc and hood, fck u Bro!

  2. Avataaar/Circle Created with python_avatars Blazer says:

    How are people still using technical analysis?? Isn’t it pure manipulation?

  3. Avataaar/Circle Created with python_avatars Elo says:

    $5,000 is reasonable I’ll wait till then

  4. Avataaar/Circle Created with python_avatars julian wright says:

    Investing with an expert is a very good plan for a structured investment portfolio.

  5. Avataaar/Circle Created with python_avatars Paul K says:

    Investors are just really funny nowadays, what’s your plan ? Just wait and hope every thing goes back up in a week ? You can’t be in this market without a strategy. It could be the difference between losing all your money and being exceptionally wealthy.

  6. Avataaar/Circle Created with python_avatars Jaspreet Sandhu says:

    good to see you hold my bro

  7. Avataaar/Circle Created with python_avatars White says:

    In at $9 and holding strong

  8. Avataaar/Circle Created with python_avatars SK says:

    Great Vid! Holding The Line!

  9. Avataaar/Circle Created with python_avatars Hedgie Asset destroyer says:

    Finally Ricky is going diamond hands!!!!!!!!!!!!!! LFG!!!! $AMC 500K!!!!!

  10. Avataaar/Circle Created with python_avatars Misael Sorcia says:

    Thanks for the breakdown, Ricky – AMC has a lot of potential at this point. Also, my ears say thank you for not blasting them. ❤️

  11. Avataaar/Circle Created with python_avatars Jorunn Berban says:

    Catching up with your videos, thanks for updating us about AMC!

  12. Avataaar/Circle Created with python_avatars TheAgentEsties says:

    When it squeezes, I want to see all the tendies you make, it'll be fun

  13. Avataaar/Circle Created with python_avatars Nurzhan I says:

    Ricky, could you please give any recommendation on NEM stock ✊🏻

  14. Avataaar/Circle Created with python_avatars Stack Overflow says:

    Thank you for the cautionary advisory regarding a potential pull-back and risk-management … greatly appreciated!

  15. Avataaar/Circle Created with python_avatars Aaron Nolting says:

    why you say the same shit all the time
    gmfd

  16. Avataaar/Circle Created with python_avatars Uriel Escapita says:

    Locked in 50% on AMC holding half:)

  17. Avataaar/Circle Created with python_avatars Titia Hermus says:

    <AMC growth is absolutely the craziest i've ever witnessed! I have always hoped to invest in AMC stocks one day but the thought of doing so without enough knowledge of the stocks market makes the whole thing less attractive to me. One cannot afford to lose any money in this pandemic era.

  18. Avataaar/Circle Created with python_avatars Carlos Somarriba says:

    Tesla is a buy. Buy Tesla

  19. Avataaar/Circle Created with python_avatars David Vincent 2nd says:

    This is exactly the video I was looking for. Thanks for including your average price . Answers questions I was asking today while watching amc .

  20. Avataaar/Circle Created with python_avatars Donald Love says:

    Bought em at 14, sold em at 70. I'm not looking back. Is either hold it, if you bought it over 30, or forget about it until you hear from them again…

  21. Avataaar/Circle Created with python_avatars MUYFA East bay says:

    Number 1 stock in the world

  22. Avataaar/Circle Created with python_avatars ChrisCLB says:

    conclusion he staying in amc because it will squeeze

  23. Avataaar/Circle Created with python_avatars Global G Empire says:

    Why don’t you make live videos and show us how to day trade amc

  24. Avataaar/Circle Created with python_avatars J L says:

    lI'm holding amc but I'm thinking of getting out of tsla when it goes above $700.

  25. Avataaar/Circle Created with python_avatars victor jones says:

    EVERYONE HAS TO HOLD….PUNK…

  26. Avataaar/Circle Created with python_avatars Chris Jenkins says:

    I’m gonna Hodl until $1K-$5K

  27. Avataaar/Circle Created with python_avatars Mostafa Damghani says:

    What is the green line on 4hrs AMC chart? Is that SMA 200?

  28. Avataaar/Circle Created with python_avatars Mark Kirchwehm says:

    Why is Ricky on Webull??? TOS not working for him I guess?

  29. Avataaar/Circle Created with python_avatars Angelo says:

    I didn't wanna go in AMC but I saw the rebound and got in

  30. Avataaar/Circle Created with python_avatars Alejandro Martinez says:

    Hope the squeeze comes soon and if it doesn’t, I’ll just wait some more haha

  31. Avataaar/Circle Created with python_avatars Trader Nate says:

    I made a video on why AMC was a buy. It's really because of that $34 support level. That's around where I got in. Just under that. I think there's room for upside especially seeing how strong we closed today. Wouldn't be surprised if we bounce back to the consolidation support area at $53. I don't anticipate this breaking new highs though.

  32. Avataaar/Circle Created with python_avatars Samson Gold says:

    Holding AMC until higher price

  33. Avataaar/Circle Created with python_avatars TAPP Channel says:

    excluding AMC it doesnt look good man… But I understand you would find a profit somewhere else if you wouldn't have your AMC position!! Cheers…

  34. Avataaar/Circle Created with python_avatars Ricky Gutierrez says:

    I am happy to hold amc stock myself, this does not mean that you have to! Shared my plan on why I decided to hold amc stock. Let me know what you think! Happy Trading!

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