Sunday thoughts going into the week. $AMC #AMC
(Thread 👇) The Jan-June run had a major touch point that led us to what I’ve been calling the “launch pad”. It is where the .618 fib level from the Jan run met the .786 retrace level from the mini run in March.
(Thread 👇) The Jan-June run had a major touch point that led us to what I’ve been calling the “launch pad”. It is where the .618 fib level from the Jan run met the .786 retrace level from the mini run in March.
We are about to have the exact same scenario occur. I expect downside this week
The .618 from the June run is about to meet the .786 from the August run.
Now does this mean $AMC is about to head straight up? Of course not. But IT DOES mean we are about to see the same set up.
The .618 from the June run is about to meet the .786 from the August run.
Now does this mean $AMC is about to head straight up? Of course not. But IT DOES mean we are about to see the same set up.
I expect we see as low as $32.50 ish and $AMC will be declared dead by everyone who doesn’t believe in the play.
I expect to break below the trend line we’ve been following since the low of $28
I also expect other plays to run to get as many people out as “they” can.
I expect to break below the trend line we’ve been following since the low of $28
I also expect other plays to run to get as many people out as “they” can.
Tinfoil hat time:
If I was trying to get rid of as many apes as possible I would let as many “distraction” plays run.
To be honest, I’ve seen them and I’ve felt the same things you have.
No I do not care if other people play them. Congratulations.
For me, there is one play
If I was trying to get rid of as many apes as possible I would let as many “distraction” plays run.
To be honest, I’ve seen them and I’ve felt the same things you have.
No I do not care if other people play them. Congratulations.
For me, there is one play
When the “cycle theory” meets quality technical analysis, it’s really compelling in my opinion.
There are far too many coincidences lining up at this point.
However, I can not stress enough to maintain emotions and expect the worst.
There are far too many coincidences lining up at this point.
However, I can not stress enough to maintain emotions and expect the worst.
If you let your emotions drive and make your decisions in the stock market, or life, you won’t get far.
If we don’t head up in November does that mean the stock or play is dead? Of course not.
Please be smart and make the best decision for you and your family.
If we don’t head up in November does that mean the stock or play is dead? Of course not.
Please be smart and make the best decision for you and your family.
I DO NOT care if that means buying, selling, options or holding.
I believe in the play. I will hold. But do what’s best for you.
🦍
I believe in the play. I will hold. But do what’s best for you.
🦍
@ThatGuyAstro @davidmarinojr @thricerx7 @m1ke_wazowsk1 @My_friend_Mocha
Would love to know your thoughts. Thank you all 🙏🏻
Would love to know your thoughts. Thank you all 🙏🏻
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