HOLD on Apes/ AMC DIAMOND HANDS
Updated
Hello Guys, I would like to introduce to you my idea about the future of AMC. I am a holder of 10000 shares from 5.50$ and I am long till a minimum of 100$.
After the last week, we got few red days including yesterday, but as an Elliott wave trader, I can see an opportunity to jump in, I think we reached the bottom. After carefully checked the Fibonacci lvls you can see that we bounced exactly for 61,8 for the 2nd wave of Elliot. The question is when we will start the Gamma Squeeze, maybe it will be on 19/3 ?!?, who knows. But in my opinion, the Gamma squeeze will be the 3 wave of the daily Elliot. till 17$ - 22$ range, It all depends to us how long we will keep our Dimond hand.
One more thing, we can see a cup and handle formation, if it is correct, the price will go to 17$ with it too. So as you can see we can make a 100% minimum till the end of march :)
Just HOLD Guys, we can make it <3
After the last week, we got few red days including yesterday, but as an Elliott wave trader, I can see an opportunity to jump in, I think we reached the bottom. After carefully checked the Fibonacci lvls you can see that we bounced exactly for 61,8 for the 2nd wave of Elliot. The question is when we will start the Gamma Squeeze, maybe it will be on 19/3 ?!?, who knows. But in my opinion, the Gamma squeeze will be the 3 wave of the daily Elliot. till 17$ - 22$ range, It all depends to us how long we will keep our Dimond hand.
One more thing, we can see a cup and handle formation, if it is correct, the price will go to 17$ with it too. So as you can see we can make a 100% minimum till the end of march :)
Just HOLD Guys, we can make it <3
Note
As most of y’all heard AMC is having a shareholder meeting on May 4th to discuss multiple different things, most importantly for us, the 500,000,000 Class A Common Stock shares. They will have a vote on INCREASING THE LIMIT on the number of shares available by 500,000,000. They are NOT ISSUING shares, and even if they did, that would take months.Another important reason for this meeting is this is what we all wanted to happen. We wanted them to have a shareholders meeting so they can count all the shares and send invites. So why is this important, well if you are new or have not been paying attention, the hedgies have been creating fake shares and have been using them to drive the price down with short laddering? THIS IS ILLEGAL! If caught with fake shares, they could result in fines, license suspension, criminal charges, and also negative PR from the media. With GameStop and AMC all over the media, being caught doing something illegal could destroy that company’s reputation. So expect the hedgies to try to buy back those fake shares before they start the headcount. From what I read online and other discussions, this will start after closing on March 11 through March 19th. (Which is also the quadruple witching day).
JUST BUY BUY BUY and HOLD my fellow Apes!
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