• 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!
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.