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AMC - Ready To Tumble But Could Turn Bull Soon
AMC Entertainment
Short
AMC - Ready To Tumble But Could Turn Bull Soon
By dRends35
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Updated
Feb 10, 2023
9
Feb 9, 2023
AMC has completed a 3 wave correction here and pushing down against the 4H 200MA and ascending trendline.
Its been a while since AMC went bananas and every ape in town came rushing in.
But it may be ape time again soon, obviously not until its done a x5 or so...
Chart personalities tend to continue and AMC is a ripper.
Looking to buy the low and hopefully with some precision.
Not shorting.
Not advice.
Feb 9, 2023
Note
Do check the linked threads to see my accurate bearish calls.
Feb 10, 2023
Note
Strong collapse as I said, now looking for the low.
Trend Analysis
dRends35
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