AMC - Breaking Historic Levels of Resistance

27 de mai. de 2021

AMC broke its high set in the previous short squeeze back in January 27th. Unlike the price action back on late January, AMC is not in a short squeeze. There are still a huge number of shares being borrowed against AMC. We just need to keep holding and make it more expensive for these firms to bet against AMC.

Before we see a meteoric rise, we must first break through the all-time high of 35.00+. A gamma squeeze is expected to occur when AMC breaks 40.00. After 40.00, there will be one last hoorah leading up to 50.00. I expect a massive short squeeze to begin when price crosses above 50.00. HODL!