๐ฅ MASSIVE Day for AMC ๐ฅ - AMC Stock Short Squeeze Update ๐
20Today was a massive day for AMC! In this video I recap today's price action, volume, Ortex short interest data, top news articles and the AMC Stock Option Chain.
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The AMC stock ran to $58 today, respecting the daily upward trend line and using it as support, the AMC stock did fall through the upward trend line at one point today but reclaimed the trend for the close.
AMC levels of resistance are $60, $63, $65, $68, $70 and $77.
Ortex showed the short interest for AMC increasing with a net borrow of over 1m shares. The AMC shorts are in trouble, with an average time held of 41 days it puts their purchase point around 10th/11th May when AMC was back at $10!!!
We also saw some news articles today, Jim Cramer continued his AMC Ape tease and White Square Capital closed their doors after suffering substantial losses betting against GameStop in January.
AMC Recap Tuesday June 22nd
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Video topics:
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