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AMC Entertainment Holdings (AMC), Gamestop Corp (GME), Microvision (MVIS) - This Reddit Stock Looks Ready To Break Out Soon
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(AMC), Gamestop Corporation (NYSE:GME) - AMC Under Attack From Short Sellers Again, CEO Says
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Below is a technical look at the chart.
AMC Daily Chart Analysis
The stock recently bounced off of the 50-day moving average (green).
The stock is trading above the 200-day moving average (blue), indicating bullish sentiment in the stock.
These moving averages may hold as support in the future.
Key Levels To Watch
The $11 level previously held as resistance on the chart and potentially will in the future again.
The $7.50 level recently held as support and potentially will again in the future.
What’s Next?
Bullish technical traders would like to see the stock build higher lows up to resistance. A break above this level with consolidation may let the stock see a further push upwards.
(Bloomberg) GameStop Corp. tumbled the most in more than a month as expectations for a wave of stimulus-led stock purchases fizzled.Shares of the video-game seller took a sharp turn around 11:15 a.m. in New York before extending losses by 17% to close at $220.14, the biggest drop since Feb. 4. The choppy trading after recent gains leaked over to some fellow retail favorites like headphone maker Koss Corp. and mobile phone company BlackBerry Ltd.Trading for Reddit favorites was far from uniform on Monday with movie theater company AMC Entertainment Holdings Inc. soaring after plans to open its California locations, while clothing company Express Inc. jumped to the highest level since January. Wall Street had been bracing for a flurry of trading from individual investors who were flush with $1,400 payments as a result of the $1.9 trillion pandemic-relief bill.Read more: ‘Stimmy’ Is Setting Stage for Next Wave of Retail Stock FrenzyLower volume was the theme of the day for
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