I've seen a lot of AMC longs kind of bummed out by the price action lately so I wanted to offer my point of view and why I'm still bullish on
AMC
even as we've hit levels we haven't seen in quite a while. I've been a holder since January 2021 and what started out as a squeeze play has turned into something more. But as I see it, this price action is somewhat expected if one subscribes to the concept of "gap filling" i.e. a share price has a tendency, in many cases, to consolidate/spend time in a range that was previously a gap up/down (like the jumps AMC has seen over the last ~ 15 months).
Anyways, I just like to eat crayons. I've been wrong plenty. But I'm not alarmed that we're in the range we currently are. Especially given the current market conditions, short interest, etc. I still hodl
AMC
even as we've hit levels we haven't seen in quite a while. I've been a holder since January 2021 and what started out as a squeeze play has turned into something more. But as I see it, this price action is somewhat expected if one subscribes to the concept of "gap filling" i.e. a share price has a tendency, in many cases, to consolidate/spend time in a range that was previously a gap up/down (like the jumps AMC has seen over the last ~ 15 months). Anyways, I just like to eat crayons. I've been wrong plenty. But I'm not alarmed that we're in the range we currently are. Especially given the current market conditions, short interest, etc. I still hodl
Comment:
EDIT: The orange gap should read "GAP/FILL 3" not "GAP/FILL 4". Typo on my part.
