www.reddit.com In-depth analysis, can explain better than I can.^^^^^^ But essentially a similar situation to GME was. A highly shorted stock that is debt free, making profit, and other good fundamentals. Currently BGFV is the most shorted stock in the market. The special interest date will be a big event. Whether it squeezes or not, this stock is a great buy....
we going to visit an critical level for AMC which is our bottom price level above the 4.70$, where we should see a reversal , and huge buying pressure to test the our current resistant around the 5.90$.
Analysis... The impulse from the low of $1.90 to a high of $20.30(27Jan 21) was the beginning of the yellow intermediate degree wave 1. The correction of that degree brought the price of AMC stock to $5.23 which completed wave 2 in the yellow intermediate degree in-turn beginning wave 3 in yellow which should unfold in 5 wave in the red minor degree(one degree...
AMCUSDT price is approached at a key level where a strong confluence lies. EMA 400 almost absorbed the bearish momentum and gave the bulls a strong position to get back into the game. FIb level also plays a supportive role with RSI at Oversold Zone. Price already posted a breakout last week and retested. So keep accumulating at these levels.
Price rejected old dynamic SR level and formed a bear flag.. ready to spill blood.
Hey Traders, As you can see on the Daily Chart of AMC. A Technical Indicated a BUY. Historically these Indicators work very well among stocks, crypto, and forex. Even in the past of AMC stock, the BUY signals were great for this. However there is a chance I am wrong and this keeps going down, maybe take this to start DCAing. AMC's target for the recovery is $50...
Leaving the triangle indicates explosive growth The start of wave 3 is near
In this idea we are looking at the AMC price, which has been moving in a symmetrical triangle from the recent breakout (June) until now. We are looking for three confirmation-points on the resistance- & support-line. The chances for a breakout are fairly high. The breakout was confirmed by touching the previous high at $44. We are still missing some volume to...
AMC definitely not looking great. No matter how I try to see this, I don't feel like this is a super bullish chart? AMC got above 30B in Mcap after a major squeeze and was one of the meme stocks that did very well. In Market cap terms it was definitely the largest ever if I am not mistaken. The truth is that the short interest is still relatively high, but I don't...