Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
AMC's stock price corrected drastically after reaching all-time highs.
The bearish shark pattern correction seems to be completed and the hurdle is to break the trendline with huge volumes bouncing off of the demand zone.
The idea is neutral because there is a chance for collapse also. The breakdown below the demand zone completes descending triangle pattern....
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...
