AMC Expect more downside to $24.30 next weekRemember, There is no V-Shape recovery in the market, After this much downside expect price to drop further more to $24.30 as many users enters here hoping to recover, but market makers always try to knock them out here.
Be careful, its new range $26.82 - $30.93.
Amcentertainment
AMC bull pennant still in playAll things considered, we didn't do to bad today. Next week will be crucial with how things play out with this new covid variant. But the good news is major support levels held and we closed within the pennant. If you see a defined break below these levels, I would be looking for an exit strategy. If it holds, well...hodl.
AMC LongUpdating some soft and hard resistance/support lines
Red: Major support/resistance
Orange: Moderate
Green: Soft support/resistance
If you go to the 5m chart you'll see the stock trade pretty easily in and out of the green support/resistance lines. Seems to still be consolidating for a major breakout, I'm predicting to ATH.
AMC weekly chart is supper bullish $3650AMC weekly chart is supper bullish $3650 is to be expected long term