$AMC Algorythmic Scale In & Scale Out - Target $145 Feb 1, '22

Fisbin Updated   
NYSE:AMC   AMC Entertainment
The pennant setup for the current session is identical in shape to the previous session where $AMC pumped from $20 to $77.

Additionally, the Fib-Trend lines up the price action very well.

Lastly, we have seen thousands of call options open on $AMC for the $145 strike in January 2022.

They are doing price discovery, we can see the most of the buying between $28-$45 with the majority throughout the Wyckoff Accumulation phase I posted about on 07/29, see link below.

From the beginning of this, I told everyone I knew to buy $AMC, they would ask "what do you think it's actually worth?" and I always thought that it was worth $30. Obviously things can change, with AA leadership I hope we see some new innovation on to of just doing what $AMC does best, but that is more of a fundamental discussion for later on. We could also see an economic collapse or margin call change how any of this plays out.
Like a glove on this recent dip.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.