AMC is looking nice!!!
A few things.
If we retest the $20 price range, one of the possible patterns that can be formed is cup and handle. This is most likely accumulation and it is very healthy for the stock. You don't want the stock to go up 200% and next day dips 150%. I would take 5-20% per day every day with small corrections along the way. That is how supports are formed. With that said this stock has the potential to completely blow passed $20. I don't think you want to play games with this one. When it breaks $20, it will fly at least to $60-80. This is not financial advice but these are some probable scenarios that can play out.
If we retest the $20 price range, one of the possible patterns that can be formed is cup and handle. This is most likely accumulation and it is very healthy for the stock. You don't want the stock to go up 200% and next day dips 150%. I would take 5-20% per day every day with small corrections along the way. That is how supports are formed. With that said this stock has the potential to completely blow passed $20. I don't think you want to play games with this one. When it breaks $20, it will fly at least to $60-80. This is not financial advice but these are some probable scenarios that can play out.
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