A brief history of $AMC
8 year falling wedge
3 week break out to 25
5 1/2 month consolidation
3 weeks to break out to 77
8 1/2 months (and counting) falling wedge
I feel like every piece of news, gossip or whatever is complete BS in regards to its effect on a stock. The stocks obeys the technicals to a T. My guess is that the laws of Fibonacci are forever present in the way the price fluctuates.
Everyone is hyped about the utilization being 100% and the short interest being so high but I’m wondering if that’s just because bears have all these shares on loan, ready to open shorts, and make money on this dip from this rising wedge? #AMC
I went back to chart the entire history of #amc , turns out it was much easier than expected. Falling wedge from August 2014 - January 2021 #AMCSqueeze@davidmarinojr