AMC TRADE IDEA 06/22/2021

AMC
- If Pre-Market opens lower there will be $51.91 to $49.59 Will be Support Levels.
- If the Pre-market opens Higher there will be 3 resistance levels at $58.74 - $60.51 - $64.51.

For any kind of High Volume breakout or further upside move, AMC must cross and close above $64.51.

The current volatility and volume as well as FOMO Buying dying at a very fast pace on AMC, there could be multiple factors, that since last 2 weeks price is mostly range bound and with a selling pressure AMC new buyers losing patience as well as new investors still in doubt and don't want to lose in case of fast lower side move. If AMC needs volume, it must be above $64.51 so new FOMO buyers and an institutional and technical trader volume can be pumped in after this Level.