Hi all, The market is driven by FOMO, a lot of retail money is being injected to several hyped stocks, AMC is one of them. AMC is totally going against the market sentiment (S&P) and will be back to where it was.
There are few technical reasonings why AMC is good short or option play for today-tomorrow..
1. Price is going up while volume is decreasing, which means buyers soon to be exhausted 2. Possible bearish harmonic pattern is seen, good short opp at 61 fib level.
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