AMC looking very bullish!
AMC1 Day Chart
EMA (Exponential Moving Average): 20EMA is yet to cross 50, 100, and 200 but moving towards the 100
TTM squeeze: momentum is up and squeezed.
Fib levels: Currently launching off of the 0 level but still in danger. It needs to cross and hold the .382 level ($22.50) for the bullish pattern to continue (giving the market noise are calm).
Candle stick: Bullish Pin Bar followed by a Bearish Pin Bar...This is indecision...
Pattern: Bullish Pennant. Price still needs to cross the .382 for confidence and psychological continue momentum. It also has a double bottom which is a bullish pattern.
News: Recently invested in HYMC
History: It failed the last double bottom in Nov. 8th and crashed heavily. We have noticed a major reversal of trends for a lot of stocks starting Nov. 8th 2021.
If AMC fails this double bottom, there are chances it could fall to $13.54. If it holds the bullish pattern, the next prices are $27.71 and $31.04 (both major resistant levels).
STAKK
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