My Trade Details:
- Buy AMC Jul 22 2022 15 Call near $1.00
- Stop : $12
- Target : $17
Options Up Over 150% on entry
Bullseye Pick Of The Week – AMC - Bullseye Pick of the Week
Bullseye Pick Of The Week – AMC
This week I am going with one of the worst stocks in the market – AMC. Yes, even junk stocks can bounce and I am expecting that to happen with AMC soon.
My whole reason for going with AMC this week revolves around a slowly building uptrends that has been in place for over a month.
This is a massive squeeze opportunity where we could see the stock shoot higher, at least for a short amount of time.
If I am wrong, I will place my stop if AMC closes under $12, which is below the recent low in the trend.
On the upside, I think AMC could briefly hit $17+ in the coming days.
Good luck this week!