AMC on the daily chart is finding support around $31.27 at the writing of this post.
I currently see the bullish reversal happening if this ticker moves back above $37.12 to break that downward pressure.
If AMC sees a bounce soon, look for a strong resistance around $54.37.
Overall, $54.37 has been a critical value in this trade with anything above it being bullish, and below it bearish for me.
For all of the apes out there, I hope you crush it!!
* I don't hold any positions in AMC, I just like to break down charts and give my opinion based on what I see.
** The script that I'm running is custom, and I'm also using Heikin Ashi candles on this chart for those who ask/wanted to know.
Best of luck everyone, let me know your thoughts in the comments.
I currently see the bullish reversal happening if this ticker moves back above $37.12 to break that downward pressure.
If AMC sees a bounce soon, look for a strong resistance around $54.37.
Overall, $54.37 has been a critical value in this trade with anything above it being bullish, and below it bearish for me.
For all of the apes out there, I hope you crush it!!
* I don't hold any positions in AMC, I just like to break down charts and give my opinion based on what I see.
** The script that I'm running is custom, and I'm also using Heikin Ashi candles on this chart for those who ask/wanted to know.
Best of luck everyone, let me know your thoughts in the comments.