TheTradingDome

AMC Technical Analysis - Friday June 3, 2021

Long
NYSE:AMC   AMC Entertainment
Price needs to stay above the dynamic yellow trend line to sustain the bull run. Critical support is $43.10 and scaling up to $50.61 by market close. If price breaks down below support, bears have taken control. Second confirmation signal confirms when RSI on the 30 min chart is below 50. Overall, I’m still bullish! 50/50 on breaking the ATH today.

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.