AMC: Hit our CRITICAL SUPPORT LEVEL! What to expect from here?
• AMC hit our support level at $5.05, which I mentioned in our previous post, here on Tradingview (link below this analysis);
• Now, it seems it is stabilizing, but we don’t see any bottom sign yet (not confirmed, at least);
• If AMC does a bullish reaction above this support, we can expect a bounce, at least, to the 21 ema in the daily chart;
• A bullish reaction could be any bullish candlestick pattern/structure above this key support;
• On the other hand, if it fails in react around the $5 support, AMC would seek the next support around $3;
• Either way, AMC is in a critical situation, and it is an interesting to put on our watch list, as regardless of what happens, it has a lot of potential;
• So far, AMC’s movements have been easy to read. I’ll keep you posted on this.
Remember to follow me to keep in touch with my daily analyses!
• Now, it seems it is stabilizing, but we don’t see any bottom sign yet (not confirmed, at least);
• If AMC does a bullish reaction above this support, we can expect a bounce, at least, to the 21 ema in the daily chart;
• A bullish reaction could be any bullish candlestick pattern/structure above this key support;
• On the other hand, if it fails in react around the $5 support, AMC would seek the next support around $3;
• Either way, AMC is in a critical situation, and it is an interesting to put on our watch list, as regardless of what happens, it has a lot of potential;
• So far, AMC’s movements have been easy to read. I’ll keep you posted on this.
Remember to follow me to keep in touch with my daily analyses!
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