If you understand Wyckoff methodology, you can see the "spring" has occurred for AMC about a week ago. The high volume short candlestick, along with the gap up following the "spring" should be a good indicator of a move up about to happen soon. This is called "jumping the creek" according to Wyckoff. It's time to load up.
Magenta line represents my call option strike price at $3.50, with the target of around $7 at the green line. If that green target is hit before my options expiration, I'm cashing out.
Magenta line represents my call option strike price at $3.50, with the target of around $7 at the green line. If that green target is hit before my options expiration, I'm cashing out.