⚡15$ Support confirmed by VPVR node + golden pocket retracement + 200 week sma + 2 trendlines of support (Previous resistance) ⚡MFI breakout could lead to a massive rally ⚡18-20$ resistance confirmed by VPVR node + resistance trendline + 0.5 Fib ⚡23.5$ Ichimoku Cloud resistance ⚡0.236 Fib resistance needs to be broken for bullish price action ⚡Worst case scenario should be 9.45$ (Huge VPVR node) + 7.86 Fib support ⚡Break 34.46$ double bottom (previous support) strong resistance. Once this level is broken a squeeze could occur. ⚡If AMC breaks the 200 week sma i wouldn't expect any significant price action for months ⚡Watch for a spike in volume at these levels ⚡AMC is ready for new ATH once the weekly Ichimoku Cloud resistance is broken (40$) ⚡Options looking bullish, lower price targets are less likely
*WARNING* This thread is not financial advice. I am not a financial advisor.
It looks even more bullish if you flip the whole thing upside down:
Patriick2jz
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@a83hj9jago8w4gb2gvbczxjn35 💯💯💯💯
nicholaszajac001
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We saw it dip to 14 following SPY’s dip. SPY seems to have had a retrace before a much larger fall coming soon. Wouldn’t this mean that AMC will fall with it?
Patriick2jz
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@nicholaszajac001 Could happen. i need to check SPY before commenting on it.