Here's why I believe it's reasonable to favor the pump in this situation. We see a retracement back to the Bullish Trendline set in January 2021 and has respected it for almost 8 months now. On top of this we see a Falling Wedge Pattern which has a bullish bias that is being met right at the trendline.
If AMC does indeed pop from here, most of the Speculative Market will follow. If it dumps from here the same thing applies. Pay attention to the direction it chooses!
Thank you for checking out the analysis, questions or comments are welcome down below;
If AMC does indeed pop from here, most of the Speculative Market will follow. If it dumps from here the same thing applies. Pay attention to the direction it chooses!
Thank you for checking out the analysis, questions or comments are welcome down below;