The WEEKLY chart in 
AMC looks very bullish in my own opinion. Now why do I think it looks Bullish and has more room for growth? Simple...
1. The MACD looks extremely Bullish.
2. RSI barely at OVERBOUGHT levels.
3. Supply and Demand (Can't bet against #WSB and Retail Investors; Last Thursday there was a massive amount of volume, and it could happen again; Do not ignore Twitter signs)
4. COVID-19 restrictions eased.
Price Targets: I see the stock testing a low of $22-$23 in seek of SUPPORT before testing old $36 RESISTANCE; This pullback would be considered healthy as the stock needs its after such massive rally; After it has settle SUPPORT and broken old RESISTANCE, I see it hitting a high of $59-$60
AMC looks very bullish in my own opinion. Now why do I think it looks Bullish and has more room for growth? Simple...1. The MACD looks extremely Bullish.
2. RSI barely at OVERBOUGHT levels.
3. Supply and Demand (Can't bet against #WSB and Retail Investors; Last Thursday there was a massive amount of volume, and it could happen again; Do not ignore Twitter signs)
4. COVID-19 restrictions eased.
Price Targets: I see the stock testing a low of $22-$23 in seek of SUPPORT before testing old $36 RESISTANCE; This pullback would be considered healthy as the stock needs its after such massive rally; After it has settle SUPPORT and broken old RESISTANCE, I see it hitting a high of $59-$60
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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.
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.