TA on 1 hour candles:
After some consolidation in this flag pattern , bullish pennant , it seems the price broke trough and have retested the upper side of this pennant in the last market hour yesterday. Today is probably where we going to see a nice jump. normally it can go at least to $65.46, where the candles closed and opens at the last top. From there we see the top of the spike around $72/73. Between this area the price can show some consolidation, before a bigger jump into the next Fibonacci levels.
Important levels are around $80,- and the most important is at $98,-, the 1,618 Fibonacci level.
Good to keep in mind is that all the attention for $AMC leaves all the old fashion E/P investors/traders in the shade, there is something that gave this stock a great push and I think, like I've said before, we are just at the beginning of something that probably never happened before. At least not in this size. That is the #Apes. What started with only a few guys is now a global group of people. People, most of all retail people who never have bin in the stock market before, from all kind of backgrounds and all kind of race, color, gender, politic. It looks like all these different people are more united then ever before and we only could hope for.
The biggest fuel of this group of people is the unethical behavior of the big players in the financial sector. This group of big players know naked shorting is illegal and most of all unethical, but justify there behavior because of some loopholes in the system. Of course these Apes want to change their lives and are also hoping for gains they have never seen before, but the biggest fuel is the need for change. Change in how wealth is divided, change in equal chances for people, change in how misbehavior will be penalized. No longer just a fine for making millions or billions, despite you know it's not correct and unethical what you are doing by nakes shorting a company aiming for bankrupt and putting thousand and thousands of jobs on the stake for the average Joe.
The game need to be changed. The financial game need to be changed. And the time is now. We've seen how things can workout when the system keep doing what it's doing at cost for the working class. Do I have to remind there was a French Revolution between 1789-1799, all because the working class were more then done by being pet by the small group who had control over their lives. I sure do hope we never will see that again! And hopefully this army of Apes can help to show that things need to change. Occupy didn't made it in 2011, but the idea is the same. The (financial) system is corrupt and is not working for all the people, like it should be.
I'm no financial advisor and this is not financial advise!
But I do recommend every one who agrees with the fact that the financial system need to be revised, and most of all prosperity can there be for every single human on this planet and not only the happy few, please join this fight and buy an $AMC or $GME stock, because these 2 stocks are the main focus of these millions and millions Apes who buying and holding for a good cause. It's really simple, no Technical or Fundamental analyse is really needed. Both companies are doing fine and with re-opening after Covid-19, there is no reason to assume these companies are going bankrupt. Bankrupt is the only way these stocks are going to $0,00, the thing these hedge funds are aiming for, so they don't have to cover their naked shorts and buying the stocks. As long the Apes are holding and keep buying these stocks, the demand will grow and one day the supply is gone. We all now what a higher demand and a lower supply will do with the price...
AGAIN, all above is NO financial advise, nor am I a financial Advisor. But I am an Ape, i am holding both stocks and I really do hope Apes can show the people who make the regulations and law that there need to be big changes. The rules which came in place after 2008 are nothing more than a facade. The unethical games and injustice against the working class are still going on. And guess who paid for the 2008 crisis? It was not the financial market, it was you and me and our families. It's time that the real creators of this mess paying for it.
#TrustTheProcess
#NotTheSqueeze
#AMCArmy
#GMEArmy
#NakedShorting is ILLEGAL and should be penalized with JAIL and not with a fine!
After some consolidation in this flag pattern , bullish pennant , it seems the price broke trough and have retested the upper side of this pennant in the last market hour yesterday. Today is probably where we going to see a nice jump. normally it can go at least to $65.46, where the candles closed and opens at the last top. From there we see the top of the spike around $72/73. Between this area the price can show some consolidation, before a bigger jump into the next Fibonacci levels.
Important levels are around $80,- and the most important is at $98,-, the 1,618 Fibonacci level.
Good to keep in mind is that all the attention for $AMC leaves all the old fashion E/P investors/traders in the shade, there is something that gave this stock a great push and I think, like I've said before, we are just at the beginning of something that probably never happened before. At least not in this size. That is the #Apes. What started with only a few guys is now a global group of people. People, most of all retail people who never have bin in the stock market before, from all kind of backgrounds and all kind of race, color, gender, politic. It looks like all these different people are more united then ever before and we only could hope for.
The biggest fuel of this group of people is the unethical behavior of the big players in the financial sector. This group of big players know naked shorting is illegal and most of all unethical, but justify there behavior because of some loopholes in the system. Of course these Apes want to change their lives and are also hoping for gains they have never seen before, but the biggest fuel is the need for change. Change in how wealth is divided, change in equal chances for people, change in how misbehavior will be penalized. No longer just a fine for making millions or billions, despite you know it's not correct and unethical what you are doing by nakes shorting a company aiming for bankrupt and putting thousand and thousands of jobs on the stake for the average Joe.
The game need to be changed. The financial game need to be changed. And the time is now. We've seen how things can workout when the system keep doing what it's doing at cost for the working class. Do I have to remind there was a French Revolution between 1789-1799, all because the working class were more then done by being pet by the small group who had control over their lives. I sure do hope we never will see that again! And hopefully this army of Apes can help to show that things need to change. Occupy didn't made it in 2011, but the idea is the same. The (financial) system is corrupt and is not working for all the people, like it should be.
I'm no financial advisor and this is not financial advise!
But I do recommend every one who agrees with the fact that the financial system need to be revised, and most of all prosperity can there be for every single human on this planet and not only the happy few, please join this fight and buy an $AMC or $GME stock, because these 2 stocks are the main focus of these millions and millions Apes who buying and holding for a good cause. It's really simple, no Technical or Fundamental analyse is really needed. Both companies are doing fine and with re-opening after Covid-19, there is no reason to assume these companies are going bankrupt. Bankrupt is the only way these stocks are going to $0,00, the thing these hedge funds are aiming for, so they don't have to cover their naked shorts and buying the stocks. As long the Apes are holding and keep buying these stocks, the demand will grow and one day the supply is gone. We all now what a higher demand and a lower supply will do with the price...
AGAIN, all above is NO financial advise, nor am I a financial Advisor. But I am an Ape, i am holding both stocks and I really do hope Apes can show the people who make the regulations and law that there need to be big changes. The rules which came in place after 2008 are nothing more than a facade. The unethical games and injustice against the working class are still going on. And guess who paid for the 2008 crisis? It was not the financial market, it was you and me and our families. It's time that the real creators of this mess paying for it.
#TrustTheProcess
#NotTheSqueeze
#AMCArmy
#GMEArmy
#NakedShorting is ILLEGAL and should be penalized with JAIL and not with a fine!