Smarter_Trades

AMC $50 Breakout Soon?

Long
Smarter_Trades Updated   
NYSE:AMC   AMC Entertainment
1 hr Chart
As you can see, we have previously seen a 5 wave move then breakout.
We may be repeating a similar 5 wave pattern.
Above $48 range there is much room for growth.
20 EMA Bullish Cross Above 50 EMA.
MACD showing weakening downside momentum. Looking to reverse soon.
DeMarker Indicator showing gaining strength and looking to breakout soon.
Please let me know what you think in the comments. All comments welcome. Thank you
Comment:
44 to 47.5
testing upper levels
Comment:
$44 to $51.7!
broke out of resistance!
Comment:
Consolidating

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