Dewnit-Music-Group

AMC Long Idea Cup and Handle with Fib Retracements

Long
NYSE:AMC   AMC Entertainment Holdings, Inc
AMC Consolidation on lower time frames has developed a nice Cup and handle Pattern on the Daily Chart . Looking to hold above the 0.5 for confirmation to see the 0.618 @ $13.31. Lots of options to keep an eye on this coming week with the sentiment leaning bullish . There is also news of Los Angeles AMC theaters opening Monday 3/15/2021, which can give AMC a push higher. AMC beyond the noise has risen a 100% in price within the last 30 day period. I would be looking for volume and price action Monday with a push higher. Dips will come but the potential long idea looks good. DD is important but not always factual. Please do not take this as trading advice, just my analysis based on chart pattern. Thank You and all feed back is welcome!
Comment: Handle looking good!!!

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