Discl: Not Held, Usual For Entertainment Only caveats apply

@tomsmithidg, notes on AMC over 3 time horizons:

Firstly, zooming out through to Jul 2013 which is as much data as I have. 

• All time Low = $34.85 - that would be the downside risk
• 49.43 is looking to be rather strong support going back to Jul 2013, then re-tested successfully in Jan 2020

Zooming in from ~Oct 2020:

• Clear Double Top Reversal around June 2022, downhill since then
• Bounces up have been around past support levels as drawn

Zooming further in from June 2024:

• A Double Bottom MAY have already been formed
• If the current leg hits $51.29-ish, then the 3rd bottom could be formed, which MIGHT suggest a trend reversal from bottom to up - but given market sentiment overall with the war, inflation etc, its anyone’s guess
• This would be the only signs I can see of a reversal occurring - no idea if there is a business catalyst that might make the reversal more real than not
• If it turns up from here, the rally should be capped around 59.96 in the short/intermediate term