gencollado

AMC stock ---> Massive moves coming, higher low confirmed

Long
NYSE:AMC   AMC Entertainment
VERY big move coming next week. I believe we are compressing. After being massively oversold on many time frames, we ended up getting a 15-17% relief rally a couple hours before market close. This clearly signifies that the bulls and the apes have been making their presence known. Most of the short attacks and bear runs within the past few months have mostly been lame attempts at creating a panic waterfall effect on the stock. They have been low volume dumps, only for the price to rebound like a spring on major support levels. Today was no different and I suspect that the big players who are on the long side have been accumulating all week and are ready to push the price past $60+ next week.


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