Eternal_Salsa

AMC- Potential setup

Panjang
NYSE:AMC   AMC Entertainment
So I know my last idea was a tad bit optimistic, but then again I did not account for the market manipulation.

Technicals:
I don't really use Elliott waves, but it fits the analysis quite well, So i believe it will stay in the shaded area, keep in mind I am fine with being wrong.
If the price action breaks the shaded area then it will most likely go back to the bottom and even lower.

Fundamentals:
I believe wall street really wants to own this company and they will make sure that you own none of it. So we could potentially see this crushed to hell.

TLDR; hedge funds want your AMC longs at a cheaper price, if price action breaks the shaded area, back to the ground support, or even lower.
Penafian

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