This is my analysis of AMC for the next few weeks. I am not experienced, and I have no financial background. But, I enjoy it and I would love any feedback you have for my charting/predictions.
I think AMC is in a Bullish flag similar to the one we saw in February. Right before it spiked up to $30. The MACD just crossed over on the daily last Monday and she has been holding very strong all week. If AMC is in a Bull flag then we are looking at a very good week. If it bounces then I would expect AMC to test the 200 DMA and its next level of resistance at $20. My magic date for this is July 13th. I appreciate any thoughts!
I think AMC is in a Bullish flag similar to the one we saw in February. Right before it spiked up to $30. The MACD just crossed over on the daily last Monday and she has been holding very strong all week. If AMC is in a Bull flag then we are looking at a very good week. If it bounces then I would expect AMC to test the 200 DMA and its next level of resistance at $20. My magic date for this is July 13th. I appreciate any thoughts!
Comment:
I am still feeling good about this prediction. The action within the last 2 days helps to validate the prediction with a bounce off of the trend line. God Speed! Wild days to come.