AMC has been gradually weakening for a while. I think its necessary to test the lows of the volatility period, which is around $30, before it can make a constructive attempt to move higher again.
I think it's likely that happens soon. And it just happens to coincide with a 200sma test as well.
I think it's likely that happens soon. And it just happens to coincide with a 200sma test as well.
Note
covered at 35.80. maybe reshort later
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.