AMC Bounce!
I'm using this chart since January 2021. Easy patterns apply in this market! Don't overcomplicate things, just rely on the technicals & some fundamentals. Also keep an eye on the option market. The recent spike on friday was predictable based on the put/call ratio.
I'm expecting the price to move towards the top of the bull flag. Everything beyond that is wishful thinking instead of predicting. We would like to see a higher high with a breakout of the bull-flag and a similiar situation as during the squeeze in january. Let's see if the buyers are able to continue with the momentum. This could lead to the retail market joining the party again.
I'm expecting the price to move towards the top of the bull flag. Everything beyond that is wishful thinking instead of predicting. We would like to see a higher high with a breakout of the bull-flag and a similiar situation as during the squeeze in january. Let's see if the buyers are able to continue with the momentum. This could lead to the retail market joining the party again.
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