This chart is just ugly. And the company is failing. But $AMC is being pumped. So lets start to look at it over the next few days. Today we start with the daily and the clear downtrend it's been on since the 12-13 range.
I am playing PUITS. There is nothing on this chart that tells me a break in trend is coming. THE ONLY HOPE FOR IT, the circled area. The moving average seems to have flattened out. I can't say that it has broken it's downtrend BUT the 200ma has definitely flattened and the 9EMA has as well. But the bigger picture is the company outlook. There is nothing on the company financials to make me believe this can recover. A stock can only be pumped so much.
I am playing PUITS. There is nothing on this chart that tells me a break in trend is coming. THE ONLY HOPE FOR IT, the circled area. The moving average seems to have flattened out. I can't say that it has broken it's downtrend BUT the 200ma has definitely flattened and the 9EMA has as well. But the bigger picture is the company outlook. There is nothing on the company financials to make me believe this can recover. A stock can only be pumped so much.
IT IS SUPPOSED TO SAY AMC. NOT AMD. AMD IS OBVIOUSLY NOT A PUMP AND DUMP.