$216 reasonable on Monday. AMC

Jun 6, 2021

Exploring Gann fans. AMC has been respecting the 1:2 and trading in that channel. If the Current low respects the 1:1 trend line, then there's room for a move from 45 to 216 in one day. Not that it will, but that's the "reasonable" limit. If it significantly breaks the 1:1, well then the fun's over, I suppose.

Note: Gann fan is built using the lows from the 24th and 27th, the connection to the close on friday is a coincidence.

Jun 7, 2021

Note

Following up:
A little more bullish than I expected on the open, and then slower after. Not looking good in my opinion, but congrats to everyone who made money today.