AMC ENTERTAINMENT HOLDINGS

AMC hit an intraday high of $36.13 on 020315 and dropped to $2.00 on the 040121. The stock has been in a downtrend for 4 years since 010517 and is now looking for a recovery bounce since the monthly downtrend supertrend line was broken on 040121 at $11.24. Medium term long signal on 250121 at $4.65 targets $23.76 for a recovery bounce.

Current short term signals are in play since 240321 at the $9.50 level which may test the SSSA line on the weekly cloud at the $6.00 mark.

LONG TERM UPTREND SINCE 040121
MEDIUM TERM UPTREND SINCE 250121
SHORT TERM DOWNTREND SINCE 240321

PIVOT 13.55
Short positions below 13.55 to test 6.00 and 2.57
Long positions above 13.55 to test 20.37 and 23.76