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$AMC: Price Target 15.5$
AMC Entertainment
Long
$AMC: Price Target 15.5$
By Patriick2jz
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Sep 5, 2022
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Sep 5, 2022
🔥Bottoming signal on monthly (4-month bottoming pattern consolidation) + Bullish MFI
🔥Monthly Ichimoku low confirmed as bottom followed by TD-Sequential 9
🔥200 Weekly Moving Average Resistance at 9.45 (This should be reclaimed due to the open interest at this level)
🔥Monthly resistance at 11.6$ confirmed by Ichimoku Cloud
🔥7.86 Fib retracement at 8.3$ confirmed by volume
🔥Price target 15.5$ (surpass 2.36 fib to retest resistance at 15.5$)
🔥VWAP broken o daily chart (Bullish signal)
🔥Vix Fix indicator strong bottoming signals on daily chart
🔥Watch for an engulfing amount of buying-volume
🔥VPVR support at 8-8.80$
🔥VPVR resistance at 10$ confirmed by EMA - Ribbons
*WARNING* This thread is not financial advice. I am not a financial advisor.
Thank you for reading.
AMC
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amcentertainment
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Patriick2jz
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