AMC Major Upwards Movement SoonA lot of AMC apes are worried about the day-to-day price movement. In my opinion, as long as it doesn't drop below 14.50 for more than a day, I'm hyper-bullish on a run up between now and the start of August.
Keeping calm and accepting that this could take a couple more months before it blows will do wonders to investors' mental health. Stop worrying about little drops. The stock is still within it's descending triangle. Soon, but not that soon we will break out.
Be smart. Be patient.
Apestogetherstrong
Almost back to weekly support!! Not a Financial Advice !!
In the last post (linked below) I explained why it is important to regain the weekly uptrend.
I have seen crazy numbers about AMC. The exchange reported short interest sits above 20% for the past days, the utilization is almost 100% (all the shares that can be used to short the fook out of AMC are already burrowed out) and the earnings peek preview looks to be good,
I am pretty positive. I hope we can win against the hedgefooks
AMC Looking for bounce on the weekly trend!! Not a Financial Advice !!
Our beloved ape stock, AMC, is respecting the weekly up-trend so far. We are below all the moving averages and our only support at this point is the weekly up-trend.
In the short term, I expect a bounce back to the 0.5 FIB level of the latest run.
As usual, it is almost impossible to apply TA to a highly manipulated and shorted stock as both sides of the story, Apes and SHF are refusing to give up.
I personally hold a lot of AMC and for me, it is a ZERO or HERO game.
#ApesTogetherStrong #ApesNotLeaving