So AMC looks like it has failed to break out of its down-channel, I hope to pick up AMC around $23 before it gets squeezed into a symmetrical triangle from the trend line going back to the sym formation at the start of this year, which led to the parabolic move up to $73.
I think we need to complete this triangle pattern before another parabolic move up, we have a few converging signals here:
- Meeting the 200 day MA which is skipping along the trendline nicely
- November 8's earning call which will hopefully give us some good news regarding BTC acceptance in theaters.
- And hopefully the end of all the Covid lockdowns, and theaters back open.
I included a bar pattern of the last move up here, with a fib retracement from its correction. If we hit that 3.618 fib up there at $541 it will be party time baby!
So long-term bullish here, although I hope the masses demonstrate diamond hands through the shakeout!
NOT FINANCIAL ADVICE - You should commit the time to do your own research before investing in anything!
I think we need to complete this triangle pattern before another parabolic move up, we have a few converging signals here:
- Meeting the 200 day MA which is skipping along the trendline nicely
- November 8's earning call which will hopefully give us some good news regarding BTC acceptance in theaters.
- And hopefully the end of all the Covid lockdowns, and theaters back open.
I included a bar pattern of the last move up here, with a fib retracement from its correction. If we hit that 3.618 fib up there at $541 it will be party time baby!
So long-term bullish here, although I hope the masses demonstrate diamond hands through the shakeout!
NOT FINANCIAL ADVICE - You should commit the time to do your own research before investing in anything!
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。