$AMC: Short Squeeze Update!

已更新
Early in the day we got rejected at 34.3$ which is hard resistance.

Support was later found at the 7.86 Fib (26.4$).

Worst case scenario support 25.45$ (MA-4). Also confirmed by VPVR node.

We have also established strong support at 27.3 (MA-1).

28.10$ is also valid support confirmed by the 6.18 Fib and a large VPVR node.

MFI is trying to cool off, still on a strong uptrend. Volume seems to be fading away which is a good sign due to the fact that the selling pressure is weak.

We are facing resistance at 29-30$ confirmed by a large VPVR node (.382 Fib)

We also have a 9 on the TD-Sequential at the top of an uptrend which indicates that we are overbought. Right now we are forming a small retracement to continue the uptrend.

Support needs to be held at 27.5-28$ to break 30$.

We need this day to close above 30$ to remain bullish.

Options chain is looking promising.

52k Open interest at 40$

18.7k Open Interest at 30$

31.6k Open Interest at 35$.

Once these options begin to get ITM price should climb back up.

*WARNING* This thread is not financial advice. I am not a financial advisor.
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