With the SHF in control this is a likely path for AMC in the short term. I dont see a catalyst that will break the algos ability to keep this down. I think we see a small run up now to the top of the downward wedge just to collect some options prems and then cascade it back down lower yet again. All in hopes of crushing the spirt of the AMC retail investor.
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.