MelissaUs75
liked
$AMC Entertainment(AMC.US$
After months of pushing down AMC, if anybody were to sell at 500-1000 range I am speechless, but I believe there will be a few who will sell around the price range.
But first, before I dive into that, I need to let everybody know what are the two possible triggering factor that will make Apes to sell between that price range of 500-1000.
1) 400+ InstitutionalbInvestor who are long on AMC Squeeze, sell at price of 500-1000, causing a sudden dip by 10-20% around the price range. Subsequently, apes go on to paperhand AMC, as they thought the squeeze have occurred.
2) Apes hodl till $1000 and do a limit loss, to cover their positions together in case if the market didn't "work" or "subjectively expected to squeeze till 10k or 100k". Because they simply think it is not possible and its too much.
In my opinion, the first possibility is highly likely to play out which induces the second possibility of making apes to doubt the market can go over 1000.
However, all in all, I truly believe if the apes continue to hold, we will see a really majoy breakout aside from the small breakout to 1...
After months of pushing down AMC, if anybody were to sell at 500-1000 range I am speechless, but I believe there will be a few who will sell around the price range.
But first, before I dive into that, I need to let everybody know what are the two possible triggering factor that will make Apes to sell between that price range of 500-1000.
1) 400+ InstitutionalbInvestor who are long on AMC Squeeze, sell at price of 500-1000, causing a sudden dip by 10-20% around the price range. Subsequently, apes go on to paperhand AMC, as they thought the squeeze have occurred.
2) Apes hodl till $1000 and do a limit loss, to cover their positions together in case if the market didn't "work" or "subjectively expected to squeeze till 10k or 100k". Because they simply think it is not possible and its too much.
In my opinion, the first possibility is highly likely to play out which induces the second possibility of making apes to doubt the market can go over 1000.
However, all in all, I truly believe if the apes continue to hold, we will see a really majoy breakout aside from the small breakout to 1...
7
22
MelissaUs75
reacted to
6
MelissaUs75
commented on
MelissaUs75
liked
$AMC Entertainment(AMC.US$
if your worried, don't be. take a little strength and confidence from me. nothing has changed, shorts still have not covered. All is well for ape nation
if your worried, don't be. take a little strength and confidence from me. nothing has changed, shorts still have not covered. All is well for ape nation
12