Cineworld has been selling down for some time and is now retesting the top of the previous cup and handle. A double bottom reverse has been detected. We see a rise in price over the next 90 days as theater chain and overall economic outlook improves.
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Cineworld Group is a British cinema company based in London, England. It is the world's...
One of the largest theater chains in the world took a beating with their financials due to this pandemic. If you are optimistic and enjoy the cinemas, you could think that with vaccines and a possible healthier post-pandemic world, where everything goes back to normal... that AMC can recover. Which is certainly why I have this in my long term investing portfolio....