AMC at risk of pennant break to downside?
Wouldn't actually short this but highlighting the fading interest in the stock. Pennant looks almost ready to crack.
The extension below will make for bear targets.
Also notice - 89 sma is being rejected. The pennant support must hold. I wouldn't bet on it.
The extension below will make for bear targets.
Also notice - 89 sma is being rejected. The pennant support must hold. I wouldn't bet on it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.