AMC To The Moon 🚀 - Why AMC will go to $100 and BeyondIdea for AMC:
- AMC's price action is nothing extraordinary, and the narrative surrounding it is quite literally BS to deter a natural and obvious short squeeze.
- The price action tells it all...
Analysis:
- The crux of this short squeeze trade setup is that the Whales got greedy by shorting the bottom, and doubled down on shorts when they should have covered.
- Most of the shorts' stops should have been hit in this breakout, but it is likely a whale doubled down on their shorts to defend their position from $20~.
- There has been 2.5 years of accumulation for the bulls, in a harmonic spring (falling wedge) that has broken out, and we are now caught in a bull flag with the shorts doubling down... Even if price does not breakout in this test, there is too much energy to be stopped IMO!
- It is clear where the whales' stops are: above $20 there is a liquidity zone to $36, and above that, $100 is very likely. Above that, even I don't know... 🚀🚀🚀
"He who sells what isn't his'n, must buy it back or go to prison." - Daniel Drew
GLHF
- DPT
