Big moves are coming
From a cyclical perspective, and with Heikin Ashi candle sticks, we can see better the cycle of AMC. It forms sort a huge cup and handle on the weekly chart, a reverse h&s in the 1h chart, a neutral RSI in short et midterm charts and a volume divergence where bears have less and less momentum creating higher lows. I don't thing there is going to be a final sell test, but i could see that we stay neutral for a day or 2, and have a strong move up after market maker clean up the options chain. With Fib levels i see this kind of move, plus with Elliott wave we look like we're finishing the a-b-c-d-e bearish pattern (like dave pointed in his video) in the longer term perspective and ready for a reversal very soon. Last thing, there is lots of Gamma in the options chain close to Jan 2022, so it could be triggered around this date. NFA, just my opinion on the stock I love haha! Cheers!
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