Trade Plan: BUY (at close of day )
Here is what happened:
(click to expand)
Commentary: Though this was an AMC reporter it didn’t move until the pre-market session the following day and at market open it gapped up 10%. Not our favorite jump because we like to see an AMC position not roll over to the next day. Also after it peaked it sold off all the gains and then some for a 15% down move and before regaining to the level it was 24 hours earlier. Odd for sure, but if you got out on the pop as we predicted – you did just fine.
Jump Zone Profit: 10%