AMC MEME STOCK UPDATE

 

The popular Meme Stock AMC is rolling over, and a breakdown below $20.00 could lead to a panic profit-taking event, in my opinion.

As novice traders see their 2020 profits turn into losses, they could begin to panic. Prices dropping below $20.00 within the next 48-hours could trigger the panic – this could get interesting. If prices don’t stop at $15.00, they could reach $10.00 fairly quickly.