AMC looks like it will go onto a gap-filling rampage over the coming weeks and months.
I have highlighted all gaps (red lines) that need to be filled from $3.00 to $37.00.
I would expect AMC to get to hit anywhere between $6-9.36 before a reversal back to $3.00 then a new bull run.
Long term Trendline: it appears both
GME and
AMC have broken their 3-year downtrend and started a new cycle.
Volume: Lots of new volume entered today and the first for a couple of years. Confirmation of a reversal.
Charts don't look like much, but provides clear targets
AMC could take out in the neat future.
I have highlighted all gaps (red lines) that need to be filled from $3.00 to $37.00.
I would expect AMC to get to hit anywhere between $6-9.36 before a reversal back to $3.00 then a new bull run.
Long term Trendline: it appears both
Volume: Lots of new volume entered today and the first for a couple of years. Confirmation of a reversal.
Charts don't look like much, but provides clear targets
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Related publications
Disclaimer
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.