i used to set 3% to 4% stops, but overwhelmingly see that these will clip my stop by cents, and reverse and go up. So I was letting it run a bit before I pull the plug. I wasnt criticizing anyone, other than my luck. Randy will call out 5 stocks, 4 will go up, one will go down, and that always seems to be the one I choose. Its just hilariously accurate.

Possible selling climax over the past few days on news of the stock dilution but too far below entry to make a strong case to hold plus can’t make a decent bullish case on the charts anyone. Divergence still in place on the daily PPO but not the RSI & the 60m PPO divergence was taken out on the recent drop. If still long, maybe consider a stop below yesterday’s lows.

HD so far holding that 319ish support & will likely drop to 292 if/when that support is taken out on a daily closing basis. TGT on to watch after earnings for sure, especially after the recent breakdown. LOW support around 179 with both price support as well as the 200-day MAs around that level.

Last update on AMC (besides today’s (Wed) video, was this post stating AMC has minor support around 29 that must be taken out to trigger the next leg down towards my 3rd target: https://rightsideofthechart.com/amc-swing-trade-update/

AMC remains in an intermediate-term downtrend having fallen ~60% since the apparent buying climax that ended with the June 2nd high. Other than some relatively minor divergences on the 60-minute charts, I don’t see much on the daily charts that indicates the current rally off that 29ish support is anything more than a bear market rally. JMHO so more power to you if you are long but I still see at least another 60% downside in AMC from here with the next resistance overhead around 41.72.

You should have been stopped out by now. It smashed through 8.64 support

@HermonMunster thank you for taking the time to analyse on the chart above. The volume spiked up on the way down too.

I’m not trying to be rude, but can you please provide your reasoning to still be in DM? I didn’t have funds available when Randy made the call on 7/26 so I never entered.

IMO a fair stop would have been slightly below the trendline on the daily chart. However, the stock was rejected off of $9.57 5 times in 11 candles. That increases the likelihood that there will be a drop.

At most, a stop could have been placed at a 12% loss from the date it was suggested. Yesterday was a huge drop below the trend line which should have triggered a sell, at least saving another 7.83% drop today.

It’s hard to pull the plug on a big loser. I’ve done it many of times just to see the stock explode the very next day. However if you want to use the charts, you have to do what they say every time.

Best of luck

[img]https://i.imgur.com/MtE34qL.jpg[/img]

Of course it is, its the only trade I have taken in the last several months and its falling. I seem to really be attracted to the only stocks on this site that fall.