AMC Entertainment Holdings Inc (Extended Hours)Capital.com
Description
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This is a potential chart for AMC that follows a repeating fractal found on several different time frames. Break above 40 , I am bullish. If not it will be dragged down to the 1.618. Price targets is 29 for tomorrow. Bearish until AMC breaks this down trend and we see a substantial increase in volume and or break above 40. Also have a bullish scenario on a different fractal that I will post later with more confluence. In my opinion, AMC will see a quick move to the high 30s after a slight pull back to 28-29, if it fails to break the downwards channel on this thrust it will fall hard.