Andrews' Pitchfork A Perfect Fit
Updated
I provided the overall 1 year analysis of AMC, however, I acknowledge my chart is a mess. So here is a more current trend analysis.
Note
The falling knife can often see a strong and quick rebound. I'm not overly concerned unless this breaks the lower trend line. If we look at all the previous times the price dipped below the bottom of Andrew's Pitchfork, each time became a more volatile swing. AMC will thrive on volatility as it is a means to create investor interest. Consider that if AMC does bounce successfully off the lower trendline, it further strengthens the bullish momentum going into next week.APE in theory should expose synthetics if they exist as brokers cannot deal APE to synthetic shareholders. This is my reminder to the few reading to bug your broker if they are not in your account by the 22nd.
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