AMC Entertainment (AMC) is showing signs of a potential breakout. Currently hovering near the critical resistance zone of $4.80-4.95, monthly close above $5.35 - $ 5.50 levels could ignite strong upward momentum.
Given the technical setup and market interest, a breakout could propel the stock toward the $11–$12 range, representing a significant upside. This move would likely attract both retail and institutional traders, further fueling the rally.
Key levels to watch:
Support: $4.80–$5.00
Resistance: $5.31–$5.35
Target: $11–$12
SL: $ 4.25
As always, monitor volume and broader market conditions to confirm the breakout. A strong close above resistance, especially on high volume, would validate this thesis.
Given the technical setup and market interest, a breakout could propel the stock toward the $11–$12 range, representing a significant upside. This move would likely attract both retail and institutional traders, further fueling the rally.
Key levels to watch:
Support: $4.80–$5.00
Resistance: $5.31–$5.35
Target: $11–$12
SL: $ 4.25
As always, monitor volume and broader market conditions to confirm the breakout. A strong close above resistance, especially on high volume, would validate this thesis.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.