A lot of AMC apes are worried about the day-to-day price movement. In my opinion, as long as it doesn't drop below 14.50 for more than a day, I'm hyper-bullish on a run up between now and the start of August.
Keeping calm and accepting that this could take a couple more months before it blows will do wonders to investors' mental health. Stop worrying about...
!! Not a Financial Advice !!
In the last post (linked below) I explained why it is important to regain the weekly uptrend.
I have seen crazy numbers about AMC. The exchange reported short interest sits above 20% for the past days, the utilization is almost 100% (all the shares that can be used to short the fook out of AMC are already burrowed out) and the...
!! Not a Financial Advice !!
Our beloved ape stock, AMC, is respecting the weekly up-trend so far. We are below all the moving averages and our only support at this point is the weekly up-trend.
In the short term, I expect a bounce back to the 0.5 FIB level of the latest run.
As usual, it is almost impossible to apply TA to a highly manipulated and shorted...
