AMC Update [7-7-21] - Possible Upcomin Correction / Value Areas.

AMC showed weakness at the ATH, so we may be getting a correction here. If so, we just need to see when it is done correcting and establishes a floor.

If it stays above $40 AND establishes a floor here, that's a great sign. However, if it falls below $40, we are looking for it to establish a floor at the next two levels. If it breaks below that and goes to the Strong Support... then we may be in for a LONG summer. So watch these areas and we will see.


The lowest I can see it dropping is $22 but I highly doubt that will happen. If it does drop there and stays in that range and creates a floor there though... that would be a HIGH value look for entries/add ons.