A bullish flag was formed at the end of march indicating a reversal which saw us push up into the $30 region before the NYSE put the breakers on, leaving us hovering in the $23 region. We are now forming a wedge for Monday. If this pattern continues, we'll springboard on retest from the $23 to $26 dollar level at this point, the resistance key levels will be...
Look at the peak touch of each resistance point of $AMC/$GME notice not only do these two meme stocks run together but each point is parallel to the other so no matter which one pops we are following a trend.
Resistance LVL:
1st - 32.53
2nd - 35.73
3rd - 41.73
What's next?
4th - 72.62 - Welcome back to June.
Update from March 22nd, 2022
We had a massive falling wedge around the 18/19th of this month that had a noticeable reversal that is usually shorted but instead bounced. We could break resistance past $20's into the $30's as I see a retest coming with a Gap Up, today? 3/24/2022.
