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AMC Potential 900% Run Towards $100
AMC Entertainment
Long
AMC Potential 900% Run Towards $100
By FibonacciGang
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Jan 29, 2021
4
8
17
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Jan 29, 2021
After the brutal beating AMC took from the shady hedgefunds, we found a decent support at the .382 retracement zone at the $6.50 zone.
With all of the hype and momentum behind this stock along with GME, I can see this extending to the 1.618 extension which is sitting exactly at $100.
Expect some high volatility in this trade so I suggest using wide stop losses if you're going to enter.
Join the fight !
Stop Loss: Below $6
1st Target: $47
2nd Target: $100
Chart Patterns
Trend Analysis
Wave Analysis
FibonacciGang
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