AMC Triangle on the 1H..will we break out?
Hey guys, WSB has sparked a revolution that will hopefully make things better in the future. GME not being finished yet, one of the other pumped stocks is AMC. As far as I know AMC should lag behind if things are to repeat itself. The shown triangle could break to the up or downside, but if it does (textbook-wise) it would be a huge move. Keep in mind this Triangle can be barely seen on the 4H, but I think with this ongoing fuzz volatility could play in our favor. As with all hot assets, be prepared for fakeouts -> tight SL and you might need to re-enter your position.
No financial advice, just my opinion.
No financial advice, just my opinion.
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