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biscotrip315

AMC Looking bearish

Long
AMC Entertainment (NYSE:AMC)  
biscotrip315 Updated   
NYSE:AMC   AMC Entertainment
Support and Resistance Trend Lines Multiple Time Frame Analysis AMC amclong amcshortsqueeze amcstock amcidea amcstonk amcsqueeze amcapes amctothemoon
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supportandresistance trendline mtfa amc amclong amcshortsqueeze amcstock amcidea amcstonk amcsqueeze amcapes amctothemoon
Rejected at a heavy resistance area and fell back below TL. Currently trading below major support in after hours. If those levels hold, this doesn't have much stopping it from coming down. Be careful out there.
Comment:
Completely forgot to add in the Death Cross lurking around the corner. If we don't bounce higher from here, we will be in danger of the TL crossing the 200EMA
Comment:
Disregard the previous comment. I'm an idiot. A death cross forms when the 50MA crosses the 200MA
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