AMC: What if it CORRECTS? Watch these Key Points!
• Since our last analysis on AMC (link below this post), it did a powerful around our support level at $5.47. In fact, AMC did a classic false breakout after earnings, just to squeeze the bears in a bear trap;
• Now, AMC broke our target at $6.80, and it is doing a top sign just under the blue area, a key point that did work as a support/resistance in the past;
• In theory, AMC is supposed to correct from here, and in this scenario, the retracements would be our next support levels;
• The 50% at $6.80 (our previous support) seems to be the most powerful support, as it is a dual-support;
• If it loses the 61.8% AMC could easily drop below $5.50 again;
• Any bullish reaction near its retracements could present an opportunity to buy. Either way, if the bull trend resumes, the next resistance above the blue area is the $10.75.
Remember to follow me to keep in touch with my analyses!
• Now, AMC broke our target at $6.80, and it is doing a top sign just under the blue area, a key point that did work as a support/resistance in the past;
• In theory, AMC is supposed to correct from here, and in this scenario, the retracements would be our next support levels;
• The 50% at $6.80 (our previous support) seems to be the most powerful support, as it is a dual-support;
• If it loses the 61.8% AMC could easily drop below $5.50 again;
• Any bullish reaction near its retracements could present an opportunity to buy. Either way, if the bull trend resumes, the next resistance above the blue area is the $10.75.
Remember to follow me to keep in touch with my analyses!
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.