AMC MOVES FOR TOMMOROW ( BEAR CASE)
For AMC we have formed the bearish rising wedge pattern, if in the chance we break out of it im expecting a retest and impulse wave to ~38$ region, if not broken then back down to the 35s support range.
We are on the top of the rising wedge which is pretty bullish, the price stays up and rises higher post market hours.
In the bear case, top of wedge acts as resistance and price quickly falls back down to 35s range. Do wait for a retest to see the bottom line from the wedge as resistance.
STill Bull in the long run
#AMC200
Like and follow for daily updates
Not financial advice.
LFG
We are on the top of the rising wedge which is pretty bullish, the price stays up and rises higher post market hours.
In the bear case, top of wedge acts as resistance and price quickly falls back down to 35s range. Do wait for a retest to see the bottom line from the wedge as resistance.
STill Bull in the long run
#AMC200
Like and follow for daily updates
Not financial advice.
LFG
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