Bull Run Brewing… 💪🏻🌊🌱
Bull flag still standing with consolidation phase getting closer and closer to an end every day/week now. Volume indicates strong bullish momentum underneath the surface of this trend, with a price support of approximately $4-4.50 holding.
Important to realize the support level we are holding is roughly an 80% gain from all time lows earlier this year, indicating that bulls have been winning this fight for months although price has remained flat/slight downtrend.
Daily Macd also looks good with a solid regression to the mean from all this consolidation and RSI looks good on longer duration charts.
I believe we are nearing the end of consolidation and momentum is strong under the surface 🤞🏻🌊🍀✅
Price Target= $60 ✅
Which would put the market cap at $25b more than 10x current price… sounds unrealistic but actually very achievable considering AMC would still only be valued at 1/10th of its all time highs…
#timewilltell 🎥🎬✅
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