AMC INTERTAINMENT
Updated
Hello everyone. We are looking at the daily chart of AMC/ We have a nice golden cross of 50/200.
Currently taking on historical support (now resistance) of $20. once it taken out the price will continue to march on to take on ATH. There will be bumps here and there, but overall we will see a steady climb as people return to theaters this summer/ Like if you like the idea/
Currently taking on historical support (now resistance) of $20. once it taken out the price will continue to march on to take on ATH. There will be bumps here and there, but overall we will see a steady climb as people return to theaters this summer/ Like if you like the idea/
Trade active
Hello everyone, just a little bit of update, the trade is still active. Once we take out our previous ath of $35 we enter in a price discovery mode. You might want to put your seat belt on. Glta.Trade active
Hello everyone. Just a little update, the trade is still active and now we are in the discovery mode, previous ath was broken like it never existed. Now, on a weekly chart we can see 2 big green candles with wicks pointing up north. According to candle patterns, wicks usually show the direction, (it will also make a weekly golden cross of 50/200 ema) and if so, the move for AMC should continue up way above $100. Personal stance-hold/accumulate.
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.