donaitelo

AMC - Break of the Triangle

Long
donaitelo Updated   
NYSE:AMC   AMC Entertainment
Hello fellow Apes,

I hope you are all doing well!

In this analysis, we have are moving inside a huge triangle and are currently at the bottom.

We are sitting on a KEY SUPPORT that I beleive we are going to hold and go to $15 and then $20 as soon as the Shor Squeeze begins couppled with the removal of the synthetic shares, the price is ready for explosion.

To every analysis, we have to be prepaired for the alternative scenario, which would be to break bellow the triangle, however, I truly think that this is highly unlikely. We have 3 support LVL's at $7.50, $5 and $2. I don't think that this would happen, however, we would most-likely stop at $5 if this were to execute.

Controlling your emotions is one of the key elements in being profitable in trading and now is the time for the market to test your control. Do not panic sell as there has been massive sell-off in most of the volatile stocks as the investment funds of the stock market are currently in Crypto, so that is why we have fallen so much. As soon as the Crypto run fades away and the synthetic shares are removed, the Short Squeeze would begin and we are going to get that Banana!

Thank you for the attention, I wish you an amazing Friday!
Comment:
Comment:
Everything goes 100% as planned, this is an amazing buying opportunity
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