neversell
2023-02-21

I agree that there is some caution because of that darn gap but when looking at the technicals for $AMC Entertainment(AMC)$ you can see that in the longer time frames$AMC Entertainment(AMC)$ is on its way up so if there is some more downside it inevitably will reverse to satisfy the longer term trend. Short term meaning early next week and longer time frames being the 4 hour, daily, weekly and monthly is starting to curl on the RSI. I don’t know if the up side will be a lot or a measly amount. Might be a good time to pick up an options contract. They are cheap right now even for at the money 3 months out. $200 on Tuesday could easily turn into $400 by Friday. I personally don’t risk short term options. I like the extra time just in case it takes longer to trend up cuz i tend to be a bit early on when I think its gonna start going up enough that an options contract is a good idea. But only if its a reasonable price. It also keeps theta decay at bay at first. Lol

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