The 4 hour ICHI cloud is about to fully reverse on AMC stock
As you can see, a 4 hour close above 19.50 will confirm a complete reversal of the bearish ichi trend that has been rejecting the price to lower lows since the 40s. I am expecting a significant rally once this level gets pierced.
The daily ichimoku is also about to confirm a bullish kijun-tenkan sen cross. The price perfectly bounced off the bottom of the red cloud support at around 17.30 today and quickly rejected further downside.
My targets continue to be 23 (next strongest resistance), 26, and 32. But I suspect 32 will come a lot quicker than many people realize due to the volume gaps at the mid 20s.
The daily ichimoku is also about to confirm a bullish kijun-tenkan sen cross. The price perfectly bounced off the bottom of the red cloud support at around 17.30 today and quickly rejected further downside.
My targets continue to be 23 (next strongest resistance), 26, and 32. But I suspect 32 will come a lot quicker than many people realize due to the volume gaps at the mid 20s.
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I was EARLY not wrong <_<