AMC Entertainment stock is up more than 2000% year-to-date and no short seller can take that away. Not Gasparino, not Richfield.
AMC stock is adjusting itself for higher highs and higher lows again. Should you be excited? I sure am.
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AMC has become our world. It has become such an important part of all our lives. We’ve stuck together through every high and low, no matter what challenges we have faced as a community.
There’s a thick skin in the game now, be proud of it. And if you are a new ape, you now know we really meant it when we said we are not leaving.
Despite the number of opposing forces, AMC is trending in the right direction.
Breaking $48 Level of Resistance
Why is this so important? What happens then?
There’s a lot of facts, data, and logic as to why I’m so optimistic about AMC. And I think a lot of you will agree on what I have to present today.
But before I do, I want to give a massive thanks to the 100+ FrankNez supporters on Patreon. Running a blog at this scale is quite costly and your support means more than you will ever know. I will leave that link at the bottom of the article.
Now, AMC tested $48 four times now and it moved past the $50 mark. We’re now seeing AMC retest this area a fifth time.
The last time we broke $50 per share the stock trailblazed up to $72 per share. We are currently in unknown territory which means retail investors set the play.
AMC Is A High Demand Stock
AMC is a high demand stock no matter which way you look at it. The stock is in high demand from both retail investors and short sellers. Retail buys the stock and shorts equally demand to borrow it.
This momentum play is what’s keeping AMC trending in the right direction. The stock is so popular now that almost anyone who finds out what we’re fighting for will simply join just to fight.
This is great news for you and I because it means the share price will continue to surge and set higher resistance levels as the community keeps expanding.
And as long as shorts don’t cover, apes will continue to raise the bar, setting higher highs and higher lows.
This Trend Is About To Get Bigger
When AMC reached $72 per share all it did was make a statement. It introduced the ape community to the world and gave everyone who heard of us a fighting chance.
It was generous enough to let more people on board when it hit $30 per share. But I don’t think the next time it reaches a low it will be within this range. If it trades like Tesla did, AMC’s next floor could potentially be in the $70-$100 per share (next time around) as it continues to surge.
Will people keep buying? Without a doubt. Think about the institutions who are buying stock worth more than this amount right now. Whales will always buy if they see a rising trend here.
AMC has this rising trend right now. It was up more than 3000% back in June and fell back to 1500%. Well, it’s up more than 2000% now after reaching a higher floor.
Ladies and gentlemen, keep holding this stock. Even if you got in at $70 per share, there’s absolutely no way you cannot make money during this historic event! With that being said, there’s no doubt in my mind every ape in the community will be profitable this month of September.
But don’t be a Wanda and sell to break even. Selling at $70 will only bring the price back down. The stock needs to be comfortable testing higher levels of support.
And as Roensch Capital has said, the higher we can set AMC up fundamentally before the short squeeze, the better.
My advice to you as a friend (not financial advice), is that as you begin to be profitable (on paper), keep letting it ride up. You will thank me later.
AMC Stock Prediction (September)
After seeing AMC trade for 9 months now, I feel confident saying it’s going to be a really happy month for apes. I saw us start small with no voice to now owning more than 80% of the float, saving the movie theater industry, and sparking a movement against corruption.
We are now a community to be reckoned with.
Last month I mentioned August was going to be the last chance apes had to buy AMC stock at $30 per share because I noticed the stock had created a new floor. And I was right!
I was able to stock up at this level share price before it breaking resistance and moving past $40 levels.
If you plan on adding to your position, buy the stock now. AMC stock is about to move past $50 per share this month and if you missed adding at $30 per share, you’ll wish you had added at $40 too.
I’m By Your Side No Matter What
We’ve been in touch on Facebook, Discord, Twitter, Instagram, via email, you name it! You know who you are. Maybe I’ve said it to only a few and maybe not enough but I’m by your side no matter what.
I wish I could mention all you great apes sharing the content. You are the ones changing other people’s lives. If it weren’t for you, some apes wouldn’t even have this amazing once in a lifetime opportunity that we all have!
So from the bottom of my heart, thank you.
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Read: Massive disruption: Prepare for the MOASS
Great mr frank, nice post.
Thanks brother! 🍿🦍