The YouTuber Stock Guy posted this interesting video which showed that the AMC one day chart closed below the 60MA line. Not great, you might think, but he does point out that the last time this happened, the stock began it’s insane run up and AMC hit over $70.
We aren’t saying that this is definitely going to happen, and neither is Stock Guy (not a financial advisor) but it’s an interesting one.
He closes his video with a great comment, saying he didn’t sell when AMC hit over $70, and therefore he’s not going to sell at half that price.
Watch his video here (or see original on YouTube):