This is possibly the most important chart you will see in Q2 of 2021.
…again, this is just my humble opinion.
This is another attempt from the Reddit community to manipulate the market, Big Bank style. The stock now displays traits of cryptocurrency altcoins. Please do not be fooled by the big players influencing the market, because the same rules apply to every financial instrument. They are governed by human psychology.
No one really knows how many stocks were influenced by big market players in the past decades. Notice that charts have been repeating the same patterns for the last 100 years. This situation has exposed the big market players and they are sweating.
In following recent AMC price history, you may come to understand hedge funds are manipulating the price. They may be setting a price ceiling and floor.
The value of any financial instrument is based on the simple principle of supply and demand, which cannot be faked.
Some traders have been mentioning Gauss in their analyses. Remember, the most important lessons for his trades were angular degrees and the 50% retracement level. Each day in the year is measured as 1 degree, while the full year is 365 degrees - which is a full circle. We are now approaching the half year, and more importantly a 50% rebound from AMC’s trend, suggesting a continuation of its upward trend.
Another important observation is this chart displays the classic flag formation, which most likely suggests further growth.
I think $88 or even $109 per share of AMC is very likely in the cards.
Some may say the price is set by the big market players, and it will not increase any further.
Do you remember the set level for EURCHF in past years? It was 1.20 - look at its chart now and see for yourself…