AMC does this everytime it bottoms and then she runs

As you can see, AMC loves to retrace to and even below the 0.786 fib level everytime we reach a bottom and try reclaiming levels again. Then AMC pops off and usually gains some 70 to 1000% right afterwards. The share offering allows AMC to further reduce debt, which if I remember correctly could be completely wiped with only half the money due to low trading AMC-Bonds. (Remember the 007 picture AA posted referring to BOND?). This may allow AMC to finally give out a dividend which will most likely be the narrative for the next run.

I expect a touchor even a break of the 50 day sma before February 2024.

Hyped for the future of this company!

Comment:

Furthermore AMC literally 4 WEEKLY closes outside of the Bollinger Band. In march 2020 a similiar move took place which was followed by a 295% gain within 10 weeks post-bottoming.