iLeveled

$AMC Rallying After Saudi Deal (POS Cup and Handle)

NYSE:AMC   AMC ENTERTAINMENT HOLDINGS INC
Looking for Cup and Handle Pattern: Buy in at LVN ($15.14 target) and push to $16+

- High RSI showing Overbought so caution on possible sell off
- Bounce off of VWAP with Volume Support good indicator that price may move further up
- Breakout after 10 Day Consolidation
- Expect early sell-off @ open with a quick buyback.
- If no cup and handle , expect sell off downtread until end of day.
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