$AMC CEO Adam Aron selling while APES and WSB HODL
Since November, AMC CEO Adam Aron has sold more than $40M worth of stock and looking at the technicals it's no wonder - chart is riding the downward parallel channel and appears to be heading down to pre breakout levels $15 then $12.
Expect a few pops along the way, but with institutions and the executives dumping on retail, not much bullish MOMO in this stock... for now
Expect a few pops along the way, but with institutions and the executives dumping on retail, not much bullish MOMO in this stock... for now
Catatan
Wow over -8% in a day, not even a bounce ! Looks oversold to me, take profits and wait for next pop to short :) Nice Trade !Catatan
with the low of 14.23 today I would be taking profits as first PT is hit :) Wouldn't be surprised if bulls rally soon here to squeeze the shorts before we see more downside.
Note, a break of the down trend resistance line with confirmation invalidates the short thesis and PT $12
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.