Incogniteaux

Megaphone pattern developing

Long
NYSE:AMC   AMC Entertainment Holdings, Inc
Just thinking out loud here, folks. I've seen this happen before and it looks like it might be right now, as well. Either way, long. Buy and hodl, mi bredren.

Comments

Do yo think it will actually reach 5 before it squeezes?
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Incogniteaux catzineco
@catzineco, If you look at 5.60 in terms of support, it's very strong. It consolidated around there for most of Feb. Whether or not it actually lands there before a squeeze is anyone's guess. If the right institutions get margin called we can all ball up our scratch paper and chuck it. None of the chart patterns matter at that point, and it can literally happen right this moment. We could wake up any day now with a moon-shot price action like no one's ever seen. Then the sleeping children wake up and FOMO in and they drive it up even more. It'll be total hysteria and no chart pattern worth its weight in salt can predict it. What I'm speculating here is just a megaphone pattern that I've seen play out before that can give us some idea of what we might see given everything else remains working as it's been.
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