Before I say anything, let me give an advance statement by saying that I am relatively inexperienced in the market. Although, I eat sleep and breathe consuming information and knowledge about the stock market. So please, give me some experienced knowledge about this if you can.
Now, on to the subject. I just discovered the filthiest looking cup and handle formation I have ever seen(in my inexperience) on AMC ranging all the way through the month of February. As I understand it, this is a pretty bullish sign. Does anybody with experience have any insight as to whether or not this could just be a fluke or if this really is what I think it is? Is this a strong sign of bullish momentum? If so, would it be short,mid, or long term momentum that is being indicated by this formation.
Note, I am invested extremely minimally in this stock. I am not here to give investment advice, rather I am here to hopefully get some insight.
Now, on to the subject. I just discovered the filthiest looking cup and handle formation I have ever seen(in my inexperience) on AMC ranging all the way through the month of February. As I understand it, this is a pretty bullish sign. Does anybody with experience have any insight as to whether or not this could just be a fluke or if this really is what I think it is? Is this a strong sign of bullish momentum? If so, would it be short,mid, or long term momentum that is being indicated by this formation.
Note, I am invested extremely minimally in this stock. I am not here to give investment advice, rather I am here to hopefully get some insight.