DD For Dummies: A History lesson vs. Today's price action...
On January 5th, $AMC was at its lowest point at $1.91. From then to the run up on January 27th, that was 22 days...
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On January 5th, $AMC was at its lowest point at $1.91. From then to the run up on January 27th, that was 22 days...
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From January27th to March 11th, AMC went into a pennant. It filled gaps and experienced a false breakout, back onto the previously formed pennant, and had a breakout to the upside, on May 11th at the end of that pennant. 22 days later, AMC went to $72.62.
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Since June 2nd, the stock went into another pennant. It's filled gaps, and even had a false breakout from that pennant. On September 30th, another pennant formed and crossed the larger June 2nd pennant, AMC broke out of both of them...today, October 13th.
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Now, I MUST STRESS that beauty is in the eye of the beholder. This is NOT financial advice, but rather something that I saw, doing my own technical analysis, and going back to the beginning of all of this.
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This is solely for those of us that are experiencing #HODL fatigue, and are starting to question where we're at. Again, I AM NOT A FINANCIAL ADVISOR, and this should NOT be taken as financial advice. Just my own analysis. #AMC #MOASSMindSet #ApesTogetherStrong #DDForDummies
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