we need to continue to hold our first support above 23$+, in order to confirm the breakout from our resistant around the 26.70$+, if we did we going to have a test for the 33$ price level . on the other hand if the short are heavily shorted AMC , we might have breaking for the 23$ SP, but we need to hold above 19$+, to show us that AMC still in Bullish momentum to...
we need to hold above the current Support 19.50$+, in order to confirm going to the resistant and the squeeze area if we broke it , around the 29$+, and if we did break it , we will see the 43$+.
It seems we have an ascending wedge formation on the 3h timeframe Further confluence would be to 1.Wait for the break of the structure 2. Look for a lower timeframe structure for dirty (it could be a flag, triangle or even a smaller wedge) It's a long way down patience pay There's enough time to plan the trade and trade the prepared plan
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few of my insights. Genpact, history-wise been quite strong of a steady growth stock. It recently had a bearish run, but looks like current analyst are giving it buy signals over the resistance. This is why I am...