AMC EntertainmentUpdated Not Much to Say About AMC
Okay so I waited a week for the price action. 34.50s (I call $33 but I was wrong but I was okay with $34 because $36 bounce was unlikely to me) was the bottom and we explode to $44.21 before selling off. Expect a bull pennant this week into next week. If we breakout this bull pennant. Expect $48 the resistant again and creating a rising wedge to the 
50S again. I will talk about more later when we reach the 47s+. So this is my rough sketch play out this month. We might go much higher sooner though. Nobody knows.
Expect some update later.
50S again. I will talk about more later when we reach the 47s+. So this is my rough sketch play out this month. We might go much higher sooner though. Nobody knows.Expect some update later.
Note
Update conservative chartthe retracement are based on past action
$72 - $28 - approximately 2 months June 2nd - August 5th/11th
$29 - $52 - approximately 1 month August 5th/11th - September 13th
$52 - $33 - 2 weeks September 13th - September 30th
$33 - $44 - 2 weeks September 30th - October 19th
$44 - $34 - 2 weeks October 19th - October 29th
$34 - $52 - will be 2-2.5 weeks approximately October 29th - November 12th/15th/19th
$52 - $44 - will be 2 weeks approximately November 8/12/15/19/22/-22/26/December 3rd/
$44 - XXX November 22/26/December 3/10/17/30
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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.