Not much to say at this point.
We're in no man's land...
A downside resolution to this long consolidation will set
AMC back and I will re-consider my bullish thesis on this stock. An upside resolution, and we are back in business to hitting targets of $21 and above. I am really hoping that this breaks out to the upside as I feel as we have done very well to not give in to the hedgies short attacks and manipulation, but we must remember that big money can and will push this around any direction they wish. DO NOT become a bag holder of this stock if we start breaking down below key supports as I feel like it will be a big blow, but I am extremely confident that we are going to resolve to the upside based off of all chart patterns and indicators that are currently pointing for huge upside volatility for $AMC.
We're in no man's land...
A downside resolution to this long consolidation will set
AMC back and I will re-consider my bullish thesis on this stock. An upside resolution, and we are back in business to hitting targets of $21 and above. I am really hoping that this breaks out to the upside as I feel as we have done very well to not give in to the hedgies short attacks and manipulation, but we must remember that big money can and will push this around any direction they wish. DO NOT become a bag holder of this stock if we start breaking down below key supports as I feel like it will be a big blow, but I am extremely confident that we are going to resolve to the upside based off of all chart patterns and indicators that are currently pointing for huge upside volatility for $AMC.
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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.