HAS THE AMC SHORT SQUEEZE JUST BEGUN?! π₯ - AMC Stock Short Squeeze Update
968Is the short squeeze starting for AMC? Or are the hedgies trying to fool us? have we broken out of the trend? or are we still following the trend?
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Links;
https://www.reddit.com/r/amcstock/comments/pauum9/this_isnt_the_squeeze_its_just_call_options/
https://www.reddit.com/r/amcstock/comments/pb6a5o/top_is_current_bottom_is_the_previous_runup_cycle/
https://www.reddit.com/r/amcstock/comments/paynvd/interesting_squeeze_loop_dd_by_ucriand_might/
It looks like AMC has just broken out of the wedge/triangle that its been tracking for the last few months. However, this still places it firmly inside the start of cycle 3 (Cycle 1 - January, Cycle 2 - May/June).
We could be on our way past $72 to new highs, or back into the wedge. We wont have broken out of the cycle until around $200/$300. The squeeze hasn't yet started but could start any time after $72!
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