If you are a bull, betting on AMC - the darker blue areas is the discounts for you! This would be after the retest of its support levels. AMC is searching for a bottom to find its support. Once it successfully finds the support, it will likely bounce hard. Green area of the FIB is the money! Of course, we will see resistance at each and every level of the Fib. Orange and yellow are the areas to watch once this rebounds!
If the supports fail at the various levels of the previous spikes, the effects of this short term spike have formed a more stout support being it has formed the illusive TRIANGLE! Be watching for a rebound at the red dotted line forming the support of the triangle. One thing is to be sure of, as the days hours pass by and AMC price progresses to the point of the triangle - EXPECT Volatility.
Good luck and God Speed.
DISCLAIMER: I am not a financial advisor, nor expert! This is not financial advice, but merely what one investor is seeing. I LIKE THIS STOCK, ALOT! All investments based on this information is based at the investors' freedom and love for the stock, as well as the counterpart of the magic risk factor. Everyone is encouraged to perform their own trend analysis, as well as due diligence.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.