$AMC stock set for more gains as retail traders buy, buy, buy
In response, HYMC shares rallied over 20% in after-hours trading. Now, Reuters reported that in a phone interview from his limo on the way to the Oscars, Adam Aron said more meme stock deals are possible as the movie chain looks to become an investment vehicle of sorts.
This has earned him a large following and allowed AMC Entertainment to raise cash from retail investors, which certainly helped AMC to avoid bankruptcy during the pandemicStarting with the 15-minute chart this time to give us a bit of short-term focus, the $18 level and above is key to hold due to the volume gap underneath. Breaking lower will see a quick move to $16 and below. , we still need to cleanly break above the $21.04 resistance and close above it.
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