Without securing price action above $60 during the pending upside swing, AMC faces a very steep drop below $10, more likely to find support near $5. Considering the trending upside move and its 3 wave structure, this eliminates the possibility of AMC being in true impulsive form.
Comment:
An update on AMC's precarious scenario:
Comment:
Any takers on this stock sinking below $5?
Comment:
flush out!
Comment:
How much could you have saved during this 50% drop?
Trade closed: target reached:
new ATH likely to come for AMC. decent buy zone.
Order cancelled:
Update: AMC is likely due to see new all-time lows in the weeks ahead. Formation doesn't speak to any upside before then.
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AMC could be on its way to sub $5.