NYSE:AMC   AMC Entertainment Holdings, Inc
Hello Community!

AMC has had a very strong run all last week. It is currently trading in a bull flag pattern and is at a crucial point at the bottom of the triangle. If it fails this support we can expect the price to drop down to the yellow S/R line shown or the 55EMA. Covid-19 is slowly becoming less of a major topic and movie theaters are beginning to pick up in sales, so I wouldn't be surprised if this continues to grow. I'm not 100% sure though but if it bounces successfully we can expect a battle at the top of the triangle before breaking through to retest the previous high. Let's see. If entering a trade don't forget to use a stop loss. Don't trade with what you're not willing to lose.

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This is not financial advice.

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Comments

UNFORTUNATLY...THERES NO CHART FOR THIS GUYS... THIS WILL BLOW UP TO THE MOON...ON THIS STOCK ITS SIMPLE....JUST BUY, HOLD BUY HOLD! GOOD LUCK...SEE YA FROM OR AT THE MOON, YOUR CHOICE
+4 Reply
rnaofs Frosabale
@Frosabale, Thanks for sharing!
Reply
All we can do is buy more and hodl! I'm in it until the hedgies wallet is empty!!!
+2 Reply
rnaofs terahwarren90
@terahwarren90, Thanks for sharing!
Reply
Looks very bullish. RSI is reset on 1 hour chart.
+1 Reply
rnaofs gencollado
@gencollado, Thanks for sharing!
Reply
Thx. Appreciate this!
+1 Reply
@SanderGro Thanks for sharing. (:
Reply
@SanderGro, Hello friend?
+1 Reply
WOW!! Great Chart :)
+1 Reply