AMC released incredible earnings! and the stock si being played by short-sellers with a short interest of almost 39M. WSB with the retail investors army is going to go big on this stock today and its already up 50% pre-market! we estimate that if this stock will get 15% traction of what GME got in the last few days, AMC will reach the second level of resistance at 15$. We are bullish on the stock regardless to the short interest and we are taking it high today !!
The point of control on the volume is on 6$.
Volume on the stock in average 3m: 53M
current volume: Apx 160M
trade safe ! Be safe