AMC

21 thg 9, 2021

AMC seems to be close to the end of the correction. There are no patterns here, and in such cases only Fibo levels, waves and indicators work. In this case: 1. The security came to 0.618 to the price of 38.12, while being within the previous 0.618 at the price of 28.89, from where the growth began last time, which is a strong level. 2. According to the wave analysis, the paper is in wave C inside the global wave 2, and the size of wave C is equal to the whole A. 3. According to the RSI indicator, the paper is in the oversold zone, just like last time in early August (see vertical green arrows). All this sufficiently signals until the end of the correction and the beginning of a possible growth. Targets are as dangerous as $52, $62 and $72. I think to go in a small position