$AMC Entertainment(AMC)$My 2 cents.
AMC has been in a consolidation period since last Tuesdays big run up. As the symmetrical triangle comes to a close the price will break out up or potentially down. Tomorrow looks like it will be a down day until we bounce off the support level. IF we get a good bounce off the support we could break out up to the next level. A break out is typically the length of the flag pole, which should take the price up to around 88-90 dollar range. This is what big money will be waiting to see before they buy in. So we need to see LOTS of buying power when the price meets that level of support for the bounce.
On the flip side hedgies can also see these same patterns and will try their hardest to break through the support level and cause the price to drop to find a lower level of support. The bears and bulls will be in an all out brawl late tomorrow and into Thursday morning. Who will you support? Who will win the battle? Which ever you decide to support! Will you see it drop tomorrow and sell, giving more power to the bears or will you buy the dip and lead the bulls to victory? The choice is yours.
Together we are strong. Apes unite! 💎👐🏼🦍 Buy the dip!
精彩评论