AMC: We nailed the BOTTOM! What to expect next on it?

2022년 12월 5일

• 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.

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2022년 12월 6일

Note

AMC triggered the drop by losing the bule area, it hit our target and it dropped even more afterwards. No buy sign yet.