THE_1_PERCENT

THE_1_PERCENT

It seems as though AMC is entering an area of high support, given it has 2x Fibonacci time frames together as well as the support of the lower support line/trendline that its recently developed as well as a pivot and a support line started from the gap from the initial spike. I would say to look for a possible bounce to the 50 area, and if it breaks the upper...

THE_1_PERCENT Updated 

First, let me just say, that I am in a LONG. So this is an UNBIASED analysis. As you see in that first micro burst, price returned to the original trendline. This current burst upwards is just a bigger version of it. The end result should mirror it and return to the same trendline.

THE_1_PERCENT

30 min candles in a clear down channel Price has come up to resistance and has formed the peak hump. Now its time to fall again.

THE_1_PERCENT

AMC seems to be all over the place, however, it has been steadily declining every day with very little positive moves at all. I expect it to ultimately, in time, return to its normal levels before this big explosion that it took to the upside. But before it settles back to normalcy, it will bounce around a little bit, but, I do not expect it to rise above the...