adriel.arrasmith

The Shows Over for AMC!!!

Short
NYSE:AMC   AMC Entertainment Holdings, Inc
AMC has made an impressive run up. We've now completed a blow off top creating an evening star formation with a gap up and gap down. Not shown on the 1 hour chart is 5 waves down completed for Wave A and targets around $16 for Wave C, which also around the $20 breakout level before the blow off top. My target is $16-$20.
Comment: Sideways action currently as buying as slowed down. Selling pressure will come soon.