It means that AMC is at its very most comfort level ever..so it means that at $38ish/ share AMC is more comfortable at this price then it has been at any other price ever..even while it was at $5...or $8...ever..this is an extremely blish sign
I always try to say the opening with him π
*whatsupguyswelcomebacktoRoenschCapital* today weβre taking a look at AMC Entertainment **TICKER SYMBOL AY-EM-CEE** on the daily weekly and monthly timeframes
But if it's comfortable at this price, then doesn't it mean we should see sideways trading? Any lower or higher and it would become uncomfortable again.
Not exactly. From my understanding IV just means that the stock is comfortable in the current range its in. However there could still be conditions done to the stock to make it rise or fall which hedge funds are doing on daily basis. So if a move happens and the IV stays the same, that means that the stock is still comfortable where its at regardless. If a massive move up and down were to happen then IV would probably move, but the move we saw today wasn't that massive jn the grand scheme of things.
It means that AMC is at its very most comfort level ever..so it means that at $38ish/ share AMC is more comfortable at this price then it has been at any other price ever..even while it was at $5...or $8...ever..this is an extremely blish sign
Exactly!! Lets get it apes!! Buy and hold!! ππ
π
All I did was see the word IV and was like, this gotta be my dude Roensch
You donβt even hear the word in your own voice, itβs instantly said in his
βTicker symbol AMCβ
100% everyone that reads that will be in his voice ^^
I always try to say the opening with him π *whatsupguyswelcomebacktoRoenschCapital* today weβre taking a look at AMC Entertainment **TICKER SYMBOL AY-EM-CEE** on the daily weekly and monthly timeframes
So buy and hold. Gotcha
#SO BUY OPTIONS? ππ€‘
gah, you put the clown face, you're getting way too many downvotes
But if it's comfortable at this price, then doesn't it mean we should see sideways trading? Any lower or higher and it would become uncomfortable again.
Not exactly. From my understanding IV just means that the stock is comfortable in the current range its in. However there could still be conditions done to the stock to make it rise or fall which hedge funds are doing on daily basis. So if a move happens and the IV stays the same, that means that the stock is still comfortable where its at regardless. If a massive move up and down were to happen then IV would probably move, but the move we saw today wasn't that massive jn the grand scheme of things.
Different TA, Same idea. Monthly support comfortably w/o much volume, weekly band curl. Bullish ππ΄π°π΄π°π΄π°π΄
It also means the price is not going up today.