AMC; $58 target hit
The $58 call was a great success with a bit of room on top.
Now, very similar to my "GME; Zone Skip" I suspect that AMC is still seeking out new territory.
Given that we are now about to have the weekly 200 EMA crossover; the idea that both GME and AMC will continue much.. MUCH higher is increasing.
BUT, if AMC can't break the purple resistance line.. there may be a heavy retracement as depicted.
Though retracements are almost inevitable, I don't believe it is time for that just yet.
Still, heed the warning.
as always,
let's see what happens!
Now, very similar to my "GME; Zone Skip" I suspect that AMC is still seeking out new territory.
Given that we are now about to have the weekly 200 EMA crossover; the idea that both GME and AMC will continue much.. MUCH higher is increasing.
BUT, if AMC can't break the purple resistance line.. there may be a heavy retracement as depicted.
Though retracements are almost inevitable, I don't believe it is time for that just yet.
Still, heed the warning.
as always,
let's see what happens!
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