I was certainly bullish for AMC to make another run for it on a break ~65 but as we see, that didn't last too long....
AMC has been trading in this rising wedge for awhile now and its bound to break out of it one way or another...I will be betting on the bearish way for this setup.
I know all the apes might hate me for this but I see this as a huge money making opportunity! Make money both ways you gorilla...
My ideal entry would be another bounce to 64.66 (78.6 fib) to load up on 7/16 50p!
PT1: 56.14
PT2: 49.75 (gap)
PT3: 31.81 (1D DEMAND)