AMC Networks has been holding tight within this range for a long time even during the recent volatility of the stock market this year and the presence of a Gartley coupled with the Weekly Bullish Divergence would imply that the Breakout Direction would likely be to the upside
Aug 13 (Reuters) - AMC Entertainment Holdings Inc AMC :
* AMC THEATRES® REOPENS ITS DOORS ON AUGUST 20 BY CELEBRATING 100 YEARS OF OPERATIONS WITH "MOVIES IN 2020 AT 1920 PRICES"
* AMC ENTERTAINMENT HOLDINGS INC - WILL RESUME THEATRE OPERATIONS AT MORE THAN 100 U.S. LOCATIONS ON THURSDAY, AUGUST 20
* AMC ENTERTAINMENT - ALL U.S. THEATRE LOCATIONS TO OFFER ALL...
This is a bearish swing trade I may enter next week. If I do I and it moves in my favor I will be very aggressive when it comes to moving my stop. My 2R target is down at $45.85 but there are three pivot lows that will be in between
my entry and my target.
To me, AMCX looks pretty weak and even weaker when looking at the hourly chart.
