AMC: We nailed the BOTTOM! What to expect next on it?
Diupdate
• Last week, we nailed the bottom level on AMC, and it exploded since then, as it broke our resistance at the blue area – the link to my previous public analysis on AMC is below this post, as usual;
• Now, AMC is in a short/mid-term bull trend, doing higher highs/lows in the 1h/D charts;
• Since it is a bull trend, in theory, it is heading to the next resistance at $10.75, as we already mentioned last week (last week we hit $9.15);
• Although the trend is bullish, it seems AMC is doing a pullback, and in this case, the 21 ema in the 1h chart along with the blue area are going to work as support levels;
• What if AMC loses the blue area? Then it’ll probably seek the 21 ema in the daily chart around 7.30s;
• For now, AMC has been behaving as expected. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
• Now, AMC is in a short/mid-term bull trend, doing higher highs/lows in the 1h/D charts;
• Since it is a bull trend, in theory, it is heading to the next resistance at $10.75, as we already mentioned last week (last week we hit $9.15);
• Although the trend is bullish, it seems AMC is doing a pullback, and in this case, the 21 ema in the 1h chart along with the blue area are going to work as support levels;
• What if AMC loses the blue area? Then it’ll probably seek the 21 ema in the daily chart around 7.30s;
• For now, AMC has been behaving as expected. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
Note
AMC triggered the drop by losing the bule area, it hit our target and it dropped even more afterwards. No buy sign yet.
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