This is absolute critical that AMC can bounce from here or lowest price target $9.71
If it looses support of this area then it invalidates all bullish market structure by putting in a lower low and any sign of a reversal from this downtrend.
If it loses $9.71 then support must hold at $7.53. Failing that I do believe it will revisit $1.94
Sorry to be the...
AMC has broken out of an ascending triangle pattern with a technical target to $24.71
Coincidently $24.71 is the line of resistance the price has been stuck under since it put in it’s all time high.
The crossover of the 21 and 55 ema on the daily timeframe is a very bullish statement for AMC. Furthermore, holding the 21 ema on a retrace will put the stock in a...
