WTFpattern

$AMC: Is the fun over already?

WTFpattern 已更新   
NYSE:AMC   AMC Entertainment
Looks like a wedge pattern that is likely to break down. Will watch for a break above the $17 mark to start the next run or may be time to sell at the upper line of the wedge.
交易结束:到达止损:
The announcement of the sale of 44 million more shares basically means the short squeeze is likely dead. Fair value for this stock after Friday's issuance of shares is about $1.80. That doesn't mean it couldn't keep getting pumped, but I would steer clear until Friday after lunch.
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