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Maybe it's a rising wedge here so could be a pullback somewhere. Holiday week, I don't expect big moves though.
Flat open so likely a boring range day.
Attachments
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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AMC*
Stock:
100% margin requirement for long positions.
200% margin requirement for short positions.
Options:
Long calls, long puts, and covered calls are permitted.
Selling short put options is permitted if you have available funds to cover the entire amount of the exercise.
Selling naked calls is permitted if you have available funds for increased requirements.
GME*
Stock:
100% margin requirement for long positions.
300% margin requirement for short positions.
Options:
Long calls, long puts, and covered calls are permitted.
Selling short put options is permitted if you have available funds to cover the entire amount of the exercise.**
Selling naked calls is prohibited.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.