AMC WEDGE BREAKOUT & RETEST

1 באפר׳ 2022

Looks like AMC broke out of the bullish descending wedge here on the daily, The minute it had first broke we ran up 34$ pretty quick. Now as you can see we are coming down to retest the the wedge breakout area, allowing the RSI to cool off due to it being inflated pretty quickly. I am personally adding to my position in this ticker at this time, If you are daytrading this then you sold a long time ago at the peak hopefully, But if you are in this for a longer term swing/squeeze play then I would not be nervous nor shaky about this downside move. If you are in fact not sure wether you want to hold AMC or buy through this volatility then this play was never for you. Stick to your plan, and don't be a pompous tiny weenie person about it if you're short. Good luck to all.