AMC Looks to be topping out at the moment and is worth shorting. Short term target is $14. Medium term target is $13.
I have done no fundamental analysis on this stock and am basing the trade purely on the RENKO Traditional 0.50 chart.
Looking at this on a RENKO Traditional 0.50 chart has this stock turning into an uptrend.
He only issue I see here is the moving Average is still pointing up. This is a warning sign this stocks new uptrend may not be as solid as I would hope.
Staying out of this one as I think its a false positive on the turn but I am posting the idea for Historical reflection.