golden cross holding?

[u/Forward-Commercial-5]

just wanted to share something I'm looking at that I think brings some positivity to the stock's future lmk how y'all feel.

So AMC also had a golden cross 3-4 months ago and is holding the 50-day moving average above the 200-day, and both averages are moving up together. The last time we had a golden cross was two years ago, but it was a fake-out (it stayed above for a couple of months, but both averages just trended down) before that was 2021, when the obvious happened (50 crossed the 200 and both averages went up together like they are now ).

[u/Silverback1322]

Crosses lag by nature, so the tell is what the averages do after they meet. The last one rolled over right as everyone noticed it. This one is months in and the 50 is still climbing, which is the whole difference.

[u/Forward-Commercial-5 → u/Silverback1322]

Exactly, the fact that it's not only holding above but continuing to climb for multiple months seems like a good sign for a potential move up. i really wanna see this stock hit like 10 bucks and see what happens because after that there could be a fucking massive gap fill from when it dropped in 2023. would be like a 40 dollar gap fill if we could keep momentum through 10 bucks

[u/Silverback1322 → u/Forward-Commercial-5]

The 2023 gap is the part that keeps me watching too. Ten is the checkpoint since so much of the old volume sits above it, and months above the line is already more than the last couple of runs managed.

[u/Bay17d]

It's beautiful to see us trading above the 50 and 200 MAs on the daily chart. We're forming a large base with higher lows (higher the base the higher in space). We are also seeing volatility which allows for larger moves. I think this chart is super bullish... based on my chart we are only approx 25% away from breaking out of the down trend and that's when things get interesting IMO.

[u/Forward-Commercial-5 → u/Bay17d]

Yeah the fact gme and amc are both looking like there setting up for a move up I’m actually really bullish in the coming months.

[u/Bay17d → u/Forward-Commercial-5]

Completely agree and we already know that more good news is coming! Would be the perfect setup for a big move up 🚀

[u/Forward-Commercial-5 → u/Bay17d]

What a start to the day huh 😤

[u/Bay17d → u/Forward-Commercial-5]

💯 that's some good looking volume!

[u/Vexting]

I've been intrigued to see if there's some kind of stop hunt pullback to take out the 10-20% stop loss bois or whether they go super low on some bs story then push the 'omg aa is going to rs' bs

[u/Ok_Bank_7117]

apes been suffering for long time now

someone needs to do something about it