AMC was finally able to break out of heavy resistance 20 days ago and continue to hold that as support.
Last week it finally turned support back into potential resistance.
The downside to 29 is looking on the higher side of probability while there is still a small chance that it could break 2 levels of resistance and we could be looking at the 60.00 target again.
Signal will be a break to either side. As you can see now though... we are currently breaking down.
Happy trading!
Last week it finally turned support back into potential resistance.
The downside to 29 is looking on the higher side of probability while there is still a small chance that it could break 2 levels of resistance and we could be looking at the 60.00 target again.
Signal will be a break to either side. As you can see now though... we are currently breaking down.
Happy trading!
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Current support is now resistance. Next leg of support is 37.69