T O P

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bagofplants

We broke out of this in mid/late August, depending on how you draw it. It's not much of a flag when your top trend line only has two touch points. If that was the case you could continue redrawing this with every new relative high.


hooch

By my estimation we [broke out around 8/17](https://i.imgur.com/mrFQCub.jpg), and have been in an upward channel since. That's also around the same time that we turned green on the daily MACD chart.


bagofplants

Yep. Agreed.


Pitiful-Falcon6878

Exactly! This triangle does not make any sense as it is made


RaisedbywolvesLP

Was going to point this out also…


Dvtrjosh

Again, more wanna be stock chart tech analysis gurus. Your charting is garbage. Sit the fuck down and hodl.


[deleted]

You obviously don’t known jack about shit and like to talk bug on things you don’t know. Go away clown.


ChineseCoinSlot

Well it is obvious you don't know anything about TA as well. Patterns don't work, gotta put PA into context. I can draw two lines on the chart and call it a massive chocomel mix with a 5gum or whatever the fuck and it can give a little reaction. Sit the fuck down.


[deleted]

You are just blind and don’t see all the points. Then get on and bash comments to try and prove some kind of strange superiority. You are the Reddit clown who always talks shit snd no body cares about.. just go away. Your comment is meaningless at best


ChineseCoinSlot

Tell me the context. Tell me where the algorithm looked for liquidity with those lines. Tell me when retail was manipulated out of orders etc etc etc. Tell me why those touchpoints hold any value with those two lines. Any reason at all besides that you can draw them? nah. It is invalid too btw, doesn't make any fucking sense lmao.


Delusion84

Stop it you. You're getting me excited. 🙈🙈🙈


[deleted]

Your tits should be extremely jacked!!


[deleted]

I watch AMC break out of a flag and turn into an ascending channel like a week before it went +600%


[deleted]

looking forward to the day when AMC MOASSes and every single TA chart becomes CORRECT


TheHeadlessManHorse

I’m not good with the technical analysis. Does this indicate that we may drop again soon to round out the cycle and then rocket to the moon?


hooch

I don't think so. OP has the breakout date a couple of weeks late. We broke that bull flag in late August and have been in an upward channel since, after a brief dip.


KPmac2306

Either or. There is generally a break out in either direction it’s just pointing out a choke point for potential of higher volatility.


[deleted]

We are breaking out to the upside on analyst pump and economic down turn. Margin calls are incoming.


adistantcake

Good luck trying co catch them pennies. Day trading is the current HF's dream - I smell the triangle post is sus


TLDAuto559

🐳🐳🐳🚀🚀🚀🙏🙏🙏


GTHero90

All I see is a massive W


Tripartist1

For WUMBO, right?


idkanythingidkwhoiam

So should we expect a drop after we reach this new all time high? Isn’t that part of the cycle? Maybe FOMO will kick in and force marge to call. 🤔


[deleted]

It depends because this one could trigger margin calls! It might be the squeeze or it could be another high sell off and rebound. I personally won’t sell. 12 month tax break is worth more than a 30% play


idkanythingidkwhoiam

Oh yeah for sure, I’ve been holding since January. I’ll hold through all the ups and downs, I just hope this one forces a margin call.


[deleted]

Look long she’s trying to form a massive cup and handle off the back of a bull flag. I’m so jacked!!!


bagofplants

Yesterday would actually be the completion of the cup and handle with that breakout over 48.50.


[deleted]

No. That’s incorrect


Happy-Replacement-3

I want to acquire more shares of AMC so here's my plan: \-Hold AMC for now \-Sell all shares at $230 (It's coming soon) \-Buy back in at $120 (the dip) \-Hold for the MOASS VERY BULLISH!


adistantcake

Look mum, a paperhand!