DarthTrador

$AMC - Wave (3) Squeeze?

Long
NYSE:AMC   AMC Entertainment
The beginning of this week (6/14/21) $AMC broke out of last weeks Triangle smashing past that crucial $60 resistance, touching $64. That move completed Impulse Wave (1). Today (6/16/21) we completed the Corrective ABC subwaves that concludes Corrective Wave (2) . There we found support around the $52 area. As things continue to ramp up, this next Wave (3) may be the wave that takes us to the promise land. This wave needs to break past $64 then the ATH of $73 before it finds its way to $100+. It will most likely get there by an even larger Gamma Squeeze than last time that should in turn trigger FOMO buying and then ultimately the Short Squeeze. I'm expecting this to be a Third Wave Extension. MACD curling up, I atleast want us to test the $73 area by this week. I'm hoping we break right through it and goto $100+ by Friday but it looks like it needs a little more time. However, anything could happen. Keep buying and holding APES, were almost there! Let me know what you think.

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