Yes, AMC has been dropping without a rest, and it break the support we were looking in our last study. But is there any hope for it now?
The truth is, it is a bear trend, and the only thing that will make change my mind is the 37.39. If AMC breaks this point, then fine, I’ll assume it will bounce back to the 50.
One thing that is nice to notice is the divergence on the RSI, but we could drop more, imo.
I think we’ll close the gap at 32.61 down there, and we are quite close to it now! The RSI is pretty oversold, and maybe AMC will do something good next, we just have to wait for the next signals.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
The truth is, it is a bear trend, and the only thing that will make change my mind is the 37.39. If AMC breaks this point, then fine, I’ll assume it will bounce back to the 50.
One thing that is nice to notice is the divergence on the RSI, but we could drop more, imo.
I think we’ll close the gap at 32.61 down there, and we are quite close to it now! The RSI is pretty oversold, and maybe AMC will do something good next, we just have to wait for the next signals.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
