AMC is resting on the .382 Fib after completing an ABC retrace
PSAR flipped positive for the May 21st (excluding retrace waves)
1 Day:
-Triple bottom
-Bearish Divergences: HIST, RSI & CCI (expect minor retrace)
-Increasing volume
3 Day:
-Higher Low
-Positive PSAR
1 Week:
-Positive Divergences: MACD, VWMACD, CMF
Earnings are on March 3rd - Spider Man No Way's Home was in December so it could go either way.
A safe TP 1 is at $33; the .618 fib retrace level
PSAR flipped positive for the May 21st (excluding retrace waves)
1 Day:
-Triple bottom
-Bearish Divergences: HIST, RSI & CCI (expect minor retrace)
-Increasing volume
3 Day:
-Higher Low
-Positive PSAR
1 Week:
-Positive Divergences: MACD, VWMACD, CMF
Earnings are on March 3rd - Spider Man No Way's Home was in December so it could go either way.
A safe TP 1 is at $33; the .618 fib retrace level
Note
SL hit, support broken. Next stop is .5 fib
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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.