Twitter apes are chattering about levels for these derivative stonks. If a simple linear regression is accurate enough, I'm expecting to see $120 & $250 for $AMC & $GME support levels. The price action regression slope for AMC (0.5) is 2.5 order-magnitude larger than the GME (0.2) ticker. If this is so-called "price manipulation" is true, it is hidden in momentum...
Expecting reversal and climb toward Nov 2021 average price ~$20 coinciding with plus 70% DeMarker values. Target range $10-12 within a the week 🤞 Not financial advice.
NYSE:AMC I admit I am quite happy with this prediction, considering I've been trading for a year now, and stonks no less! This thing will continue to run into March earnings report around that $40 target. Unless shorts never cover and this goes $GME. Viva la revolucion!
Impulsive triangle extrapolated on YTD daily price regression plus/minus one SD.
Barring Hollywood strikes, AMC will run at Linear Regression .54 trenches along 20 degrees relative to floor.