If you notice AMC has been in a down trending channel for 7 straight years, if this account wants to break trend it would definitely need a lot of investing support. I love AMC as much as the next.
So either this is AMC's last chance to break trend due to popularity, which also could help the company in the immediate short term. But Also there are two really important things to keep in mind, 1) AMC just bought back millions of shares from a major share holder enhancing their stake back in the company 2)They might be diluting the shares on may 4th. (But in my opinion after the last point I don't think that's happening.)
So with all that said I would love to see AMC stock rally finally, but the numbers never lie. at least that's what I've been taught to believe.
HAPPY HODLING and MAY the 4th BE WITH US.
So either this is AMC's last chance to break trend due to popularity, which also could help the company in the immediate short term. But Also there are two really important things to keep in mind, 1) AMC just bought back millions of shares from a major share holder enhancing their stake back in the company 2)They might be diluting the shares on may 4th. (But in my opinion after the last point I don't think that's happening.)
So with all that said I would love to see AMC stock rally finally, but the numbers never lie. at least that's what I've been taught to believe.
HAPPY HODLING and MAY the 4th BE WITH US.