Eternal_Salsa

AMC- Potential setup

Long
NYSE:AMC   AMC Entertainment
So I know my last idea was a tad bit optimistic, but then again I did not account for the market manipulation.

Technicals:
I don't really use Elliott waves, but it fits the analysis quite well, So i believe it will stay in the shaded area, keep in mind I am fine with being wrong.
If the price action breaks the shaded area then it will most likely go back to the bottom and even lower.

Fundamentals:
I believe wall street really wants to own this company and they will make sure that you own none of it. So we could potentially see this crushed to hell.

TLDR; hedge funds want your AMC longs at a cheaper price, if price action breaks the shaded area, back to the ground support, or even lower.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.