AMC break out
Tomorrow should be very interesting.
Bull Scenario:
Price breaks wedge to upside - Quick move to 23.5 to 26
Bear case:
Breaks 20 support - drop to 18.5 and free fall below
Optimistically bullish going into tomorrow.
However, if price continues sideways trading in the low 20 range it will not be pretty. Low volume today due to FED announcements tomorrow, we need a large inflow of volume tomorrow. Good Luck.
Bull Scenario:
Price breaks wedge to upside - Quick move to 23.5 to 26
Bear case:
Breaks 20 support - drop to 18.5 and free fall below
Optimistically bullish going into tomorrow.
However, if price continues sideways trading in the low 20 range it will not be pretty. Low volume today due to FED announcements tomorrow, we need a large inflow of volume tomorrow. Good Luck.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.