AMC HTF Outlook.

1. Support area of 45.60 was broken.
2. Retest of broken support now turned resistance area.
3. Retest of resistance now turned support area.

Trade Idea
4. If support holds, and candle break above the 48.20 candle's high. We might see price tapping 55.

Kommentar:

1. AMC couldn't hold above the support level and broke down during the previous session.
2. AMC closed bearish from the previous session.
3. We might see the price of AMC eventually reaching the broken highs of $38.50

Trade Idea
1. It is possible to look for sells for a short continuation to the level mentioned.
2. We should observe the price of AMC when it reaches the mentioned level of $38.50 for any Long opportunities.

Trade ist aktiv:

Entered a Long position on AMC as it gapped up at above $49 at market open, will be aiming to get out around $60-$64.