AMC EntertainmentUpdated AMC to $55 by the end of November?
From the 34.50s to $47.23 sell off. The 1.618 suggest $55 is the next swing. From what I see today AMC peak at $44 and start to show bearish signal. I expect harsh retracement. Ideally I would love it dip around $40-42 and consolidate goes up. But if it has a harsh reaction $37-39 is the bottom. AMC atm most likely will form a smaller symmetrical since the beginning of November before ripping out. I will update in the next week or so to see the price pattern changes.
Note
Theres also a possibility AMC will go higher tomorrow but lower highs on the indicators.Note
All three scenario for this week and next week
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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.