CTRLZEEE

Don't like memes, a big play on AMC

NYSE:AMC   AMC Entertainment
AMC made a huge run up to 70s but now needs to correct the leg that pushed it up. It is currently working on a descending triangle formation that will eventually lead to a proper fibonacci retracement near the low 30s which will most likely fill that gap up before running back up again. There is a huge possibility this can hit not suprisingly (meme) to 100 if it fills that gap. I would go short in near term but long when it comes down to my tgt near low 30s.
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.