AMC stock hit highs of $60 a share today and quickly got rejected. Now we are trading below the 1 hour ema line for AMC stock and I own 3000 shares of amc stock. At this point we have been rejected by $60 resistance 3 times and I do not want to ride amc down with 3000 shares. So I simply plan to sell half of my position to put my future self in a solid state where I can prepare to buy more amc stock at lower levels. Let me know what you think of my plan!
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