Looking for a huge upside break early next week on AMC stock
AMC has major resistance at the 19.60 - 20.00 level. Based off the rounded bottom pattern that we have formed, we are now approaching a downtrend resistance line. This downtrend resistance has been sending AMC to lower lows since the $40 level. Once this downtrend resistance line breaks ($20), we can expect a violent move to the upside back to $40.
The next resistances after $20 are $23, 26 and 32.
The next resistances after $20 are $23, 26 and 32.
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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.