Short

AMC Breaking out on Fibbonacci Extensions

Last hour of pre-market trading on 28th May has a long wick at the top. Initially I drew fibbonnaci retracement line from the top of that down to 24th may on the hourly. Those retracement levels I indicated on the blue lines. Now however it seems to be obeying the levels if you move the retracement line to the closing price on the same hour. Next breakout would be around 68.95 to look out for tomorrow. I'm bearish on it as its influenced heavily by wallstreetbets, and first pump on the original meme stock GME was shortlived with a timespan of around 15 days.

sevensevenseven777

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