AMC Chart Analysis
Shares are trading in what technical traders would call a flag pattern. Although this is considered bearish, the stock could break out of the pattern in either direction.
The stock is trading below both the 50-day moving average (green), and the 200-day moving average, indicating the sentiment in the stock has been bearish.
Each of these moving averages may hold as an area of resistance in the future.
![AMC Chart Analysis](https://ussnsimg.moomoo.com/1627654968933-71737977-android-compress.png/bigmoo)
Key AMC Levels To Watch
The stock is trading in the flag pattern, but outside of the flag pattern the stock trades within a sideways channel on the larger scale.
The flag pattern may break out in either direction and likely will see a stronger push in the same direction as the break.
If the stock breaks pattern resistance, it may see a push higher up toward the $60 resistance in the channel. A break of pattern support could let the stock drop to near the potential $20 support level in the channel.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Spider Ape : @BearBearChen
Moneymonkeysays : wow how eloquently you say absolutely nothing
UxFxO OP Moneymonkeysays : perhaps I should have just said HODL! MOON!
MindOverMatter UxFxO OP : You could have said moon and hold.. .But it would be a lot cooler if you talked about all the failure to delivers.
Moneymonkeysays : no offense offered ;)
UxFxO OP : all good, you mean talk about this atrocity here
how the SEC let them get away with a slap on the wrist
Moneymonkeysays : I've been thinking it's looks like a bull pennant that broke to the top early. However we all know the price is fake so its only frustrating to me to even look at it right now.
Moneymonkeysays : The volume is ridiculous lol. But I think soon we're gonna see another spike possibly a gamma or the squeeze itself. the winds seem pointed in that direction.
UxFxO OP Moneymonkeysays : I hope so, I bought in around 10 and averaged up along the way. Didnt sell at 70, still holding out hope, gonna see it through, squeeze or bust.
70729856 : This is so manipulated that technicals mean nothing anymore here! I've only invested an amount I don't care about losing, so I'm just holding and seeing what happens!! It's one hell of a show either way![joy 😂](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f602.png)
![blush 😊](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f60a.png)
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