Today was the most important day for $AMC --- Here's why...
As many of you have been following my calls on 
AMC, I have been aggressively bullish for the past few weeks. I turned cautiously bullish by the end of the last week and noted that we needed more consolidation and time between the 9.00 and 10.80 range before we could start counting victory. This is exactly what we got.
Today I can say with all honesty, my friends, that the bulls won. While we *only* went up 9% up for the day, we have now crossed an all important level which was the $10.80 level. This level is a lot more important than you think because it was extremely strong resistance and is very near where the big shorts took place. The hedgies tried to push it down multiple times today below the 10.80 level, but as I mentioned the day before that we needed a successful re-test of 10.80 to confirm, that exact scenario played out. We obviously have some bullish institutions on our side that are trying to take down morons like Melvin Capital, Lightshed partners, and other clowns who think this is going below $5 in the immediate future.
On the daily, we can now see the cup and handle that is playing out beautifully. Again, patience will be rewarded and the explosive part of this chart pattern should materialize next week. We have consolidated for two weeks, held support, and are now ready to push up.
Another bullish thing that I noticed today was the fact that
GME did not gain as much as $AMC. What this tells me is that while GME is poised to go higher, it is going to consolidate for a week or two. The reason is because it has gained very big % and it must cool down in order to avoid another big catastrophe. While consolidation is boring, it is needed for the health and sustainability of any stock or asset.
Basically what I'm saying is, it's time forAMC to party and GME to take a back seat for a bit. Anyone who has AMC stock and not GME has watched jealously as GME ripped through resistance lines and made people millionaires once again.
*Now it's our turn*
AMC, I have been aggressively bullish for the past few weeks. I turned cautiously bullish by the end of the last week and noted that we needed more consolidation and time between the 9.00 and 10.80 range before we could start counting victory. This is exactly what we got.Today I can say with all honesty, my friends, that the bulls won. While we *only* went up 9% up for the day, we have now crossed an all important level which was the $10.80 level. This level is a lot more important than you think because it was extremely strong resistance and is very near where the big shorts took place. The hedgies tried to push it down multiple times today below the 10.80 level, but as I mentioned the day before that we needed a successful re-test of 10.80 to confirm, that exact scenario played out. We obviously have some bullish institutions on our side that are trying to take down morons like Melvin Capital, Lightshed partners, and other clowns who think this is going below $5 in the immediate future.
On the daily, we can now see the cup and handle that is playing out beautifully. Again, patience will be rewarded and the explosive part of this chart pattern should materialize next week. We have consolidated for two weeks, held support, and are now ready to push up.
Another bullish thing that I noticed today was the fact that
GME did not gain as much as $AMC. What this tells me is that while GME is poised to go higher, it is going to consolidate for a week or two. The reason is because it has gained very big % and it must cool down in order to avoid another big catastrophe. While consolidation is boring, it is needed for the health and sustainability of any stock or asset.Basically what I'm saying is, it's time for
AMC to party and GME to take a back seat for a bit. Anyone who has AMC stock and not GME has watched jealously as GME ripped through resistance lines and made people millionaires once again. *Now it's our turn*
ملاحظة
Obviously some paper hands are bragging about taking small profits. “Scared money don’t make money”.A lot of people who sell now will buying back at $15 and above come next week. These people who are trying to day trade the market will end up buying back higher and fuel the squeeze upwards.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.