Massive upward continuation of uptrend for AMC. $100+ incoming
As you can see, there is really not much to analyze, and the TA is pretty straight forward. You have so many people who missed out on buying during the consolidation phase because:
(a) they were scared
(b) they didn't do DD on the stock
(c) they are plain haters and want to short the stock and seem smart
After breaking out of a 5 month consolidation range, we moved violently to the upside. To be honest, the amount of brute force and strength of the move even surprised me, even though I correctly predicted this outcome. This has caught many naysayers by surprise. It is clear there are a lot of people who are working for hedge funds/bots that are going all over my comments and other bullish $AMC traders writing negative posts and comments about AMC, even as we continuously prove them wrong. They are trying to time the top in a market that is fueled by FOMO and hype. You literally have billion dollar shorts waiting to get liquidated, and you want to be on the side of the short sellers at this point? Good luck! The smart bears will only get in once everyone is 95% long and the hedge funds themselves come out on CNBC and Bloomberg TV calling for bullish price targets. THAT is when I will start loading up on puts and exit all my AMC positions. That level could be well into the thousands.
At this point, the smugness of the $amc bears will continue to haunt them as they continuously get stopped out of their positions day by day, celebrating 2% gains while agonizing every day that $AMC moves up 20-50%. You will hear them cheer for victory on the red days, but their ultimate fate is liquidation. Why? Because you don't fight the trend. This is the 1st rule of investing.
Peace and love to all the apes out there, continue to HODL, we are not anywhere near take profit levels.
Stay strong
(a) they were scared
(b) they didn't do DD on the stock
(c) they are plain haters and want to short the stock and seem smart
After breaking out of a 5 month consolidation range, we moved violently to the upside. To be honest, the amount of brute force and strength of the move even surprised me, even though I correctly predicted this outcome. This has caught many naysayers by surprise. It is clear there are a lot of people who are working for hedge funds/bots that are going all over my comments and other bullish $AMC traders writing negative posts and comments about AMC, even as we continuously prove them wrong. They are trying to time the top in a market that is fueled by FOMO and hype. You literally have billion dollar shorts waiting to get liquidated, and you want to be on the side of the short sellers at this point? Good luck! The smart bears will only get in once everyone is 95% long and the hedge funds themselves come out on CNBC and Bloomberg TV calling for bullish price targets. THAT is when I will start loading up on puts and exit all my AMC positions. That level could be well into the thousands.
At this point, the smugness of the $amc bears will continue to haunt them as they continuously get stopped out of their positions day by day, celebrating 2% gains while agonizing every day that $AMC moves up 20-50%. You will hear them cheer for victory on the red days, but their ultimate fate is liquidation. Why? Because you don't fight the trend. This is the 1st rule of investing.
Peace and love to all the apes out there, continue to HODL, we are not anywhere near take profit levels.
Stay strong