AMC Entertainment
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$AMC: Price Target 15.5$

🔥Bottoming signal on monthly (4-month bottoming pattern consolidation) + Bullish MFI

🔥Monthly Ichimoku low confirmed as bottom followed by TD-Sequential 9

🔥200 Weekly Moving Average Resistance at 9.45 (This should be reclaimed due to the open interest at this level)

🔥Monthly resistance at 11.6$ confirmed by Ichimoku Cloud

🔥7.86 Fib retracement at 8.3$ confirmed by volume

🔥Price target 15.5$ (surpass 2.36 fib to retest resistance at 15.5$)

🔥VWAP broken o daily chart (Bullish signal)

🔥Vix Fix indicator strong bottoming signals on daily chart

🔥Watch for an engulfing amount of buying-volume

🔥VPVR support at 8-8.80$

🔥VPVR resistance at 10$ confirmed by EMA - Ribbons

*WARNING* This thread is not financial advice. I am not a financial advisor.

Thank you for reading.
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