AMC - Finding Bottom Support
Updated
As I mentioned in an earlier post, AMC seems to me to be near a support point at this price. I think it could drop lower than the 13.40 mark but that should prove unlikely. If it does look for new Support near 8.0 More likely, it will find support at this stage and trend back up. However, seeing AMC move higher than 30.0 would in my opinion be surprising. This stock will not see the booming gains as it did in the past. So, I would place Resistance at around 30.0 for now.
Be mindful. ANY stock position is vulnerable to geo-political actions by Russia, China, or even Iran. The world stage is set for conflict. Any kinetic action by other nations would have a negative volatility influence on the markets.
These statements are not suggestions for holding positions. They are my own analysis thoughts. I do not hold any position in AMC.
Be mindful. ANY stock position is vulnerable to geo-political actions by Russia, China, or even Iran. The world stage is set for conflict. Any kinetic action by other nations would have a negative volatility influence on the markets.
These statements are not suggestions for holding positions. They are my own analysis thoughts. I do not hold any position in AMC.
Note
Update to the AMC chart.Since the original posting of this chart, the resistance point has been lowered to $20. Support could drop to the $8.00 mark.
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