Revival pattern has formed on AMC. Stock has been beat down by shorts ending with (phase 1), a spike in volume + price (phase 2), consolidation forming a triangle pattern with an upward trend support line being squeezed in by resistance. All that seems to be left is a three phase triangle BREAK OUT! .... I have been watching this stock for some time because of all the hype on reddit and I have made a few bucks day trading it on the way. I am not a financial advisor this is just my opinion as a trader. ....... Lets see what happens :) if it goes ill be taking profits and if she breaks down a stop loss will be ready... ( IF WE DONT GET RICH TODAY THERE IS ALWAYS TOMORROW )
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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.