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Cryptarded84
Dec 2, 2021 10:21 PM

AMC Breakdown Short

AMC Entertainment Holdings, Inc.NYSE

Description

We can now see a clear head and shoulders pattern executed on the weekly time frame. The stock has bounced slightly off the 55 weekly moving average currently finding support at around $29 which was the previous swing low from August. The technical target from the head and shoulders pattern would bring the price to around $16.

Levels of support :

If we fail to hold support at $29 and lose the weekly 55 moving average we have $20 which is a previous swing high as labeled (top of previous pendant wick) and $14.33 ( previous swing high from first pendant.
Comments
hypertrinity1
weren't you just bullish a few days ago? lol
alireza1357
please delete your post, it doesn't make sense
Cryptarded84
@alireza1357 how so?
Cryptarded84
Yeh bro explain please
Cryptarded84
@alireza1357 yeh mate explain cause u wrong dude. It’s playing out right now. You’re in the denial stage of your loss. It’s ok dude
Cryptarded84
@alireza1357 how about how? U still feel it wasn’t a valid call?
Cryptarded84
No? This is my first idea I’ve posted.
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