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Amcape

AMC is toast without butter if it breaks $9.71This is absolute critical that AMC can bounce from here or lowest price target $9.71 If it looses support of this area then it invalidates all bullish market structure by putting in a lower low and any sign of a reversal from this downtrend. If it loses $9.71 then support must hold at $7.53. Failing that I do believe it will revisit $1.94 Sorry to be the bearer of bad news and I know how many of you are married to this junk but the chart is the chart and the price is the price unfortunately.
NYSE:AMC
by Cryptarded84
4
Bullish statement for AMCAMC has broken out of an ascending triangle pattern with a technical target to $24.71 Coincidently $24.71 is the line of resistance the price has been stuck under since it put in it’s all time high. The crossover of the 21 and 55 ema on the daily timeframe is a very bullish statement for AMC. Furthermore, holding the 21 ema on a retrace will put the stock in a prime position for more upside action. I would expect to see a retrace to $16 to test support of the breakout structure but we all know how violently it can move so don’t bank on a back test. Not financial advice and just sharing an idea. Trade with caution and stop losses. Never trade with money you can’t afford to lose. Good luck everyone
NYSE:AMCLong
by Cryptarded84