Hello AMC Apes, here is a little technical analysis done for you. We have had some strong support coming in from beginning of May. You can see how strong the resistance was and then eventually we broke out sending us to $70+ per share. Our next stopping point is $110. We will probably go higher, but I figured I would share :)
We should see a breakout at the latest June 17th 16:00 hours.
Heikin Ashi Candles were used to fill gaps.
Indicators:
RSI
MAC D
Volume
Check out some of my other ideas! :D
Leave a comment, a like, and a follow for future updates!
Happy Trading! :D
If you have any questions, leave them below.
We should see a breakout at the latest June 17th 16:00 hours.
Heikin Ashi Candles were used to fill gaps.
Indicators:
RSI
MAC D
Volume
Check out some of my other ideas! :D
Leave a comment, a like, and a follow for future updates!
Happy Trading! :D
If you have any questions, leave them below.
Comment:
Update: Support was invalid, there is another strong support we are on!
Comment:
Update: AMC never broke above $60. I believe it will be a few months before it sees another ATH if it even happens. High Risk = High Reward. There are better options to make money on, it would be best to day trade this.