Long overdue. Idk how this will play out overall in the long run, but currently this is putting in a potential weekly double bottom. As we push off the 4.64 support trend line, amc is curling upside and in a good push. It may take a little More time than we all want but it seems to be headed to 10$. There will be many stops Along the way.
If this pattern plays out we could see a breakout at the latest June 2025. This gives a lot of time still left for amc to be accumulated.
The biggest breakout is above 5.80 hold as that is the initial breakout but not to bad to grab shares and long term calls while we are building this W. We seem to be on the initial push of the W which has a good amount of momentum that can come In once ppl start seeing it more. I’m going to start grabbing positions in this. No need to get fomo and rush in we got to try to scalp on a red day. Anywhere closer to 5$ or 4.80 if it’ll give it. GME is building something too we could be set to take off in both soon
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