As I mentioned in an earlier post, AMC seems to me to be near a support point at this price. I think it could drop lower than the 13.40 mark but that should prove unlikely. If it does look for new Support near 8.0 More likely, it will find support at this stage and trend back up. However, seeing AMC move higher than 30.0 would in my opinion be surprising. This...
AMC has now broken through all support and is looking to head lower. I set up some trend lines to indicate the possible
boundaries of such a move. If it continues to drop, I wouldn't be surprised to see it head toward 16.82 before January.
If it takes longer, it seems to be just a matter of time.
I'm not suggesting any position or giving any financial advice. I...
