TradingWithEmotion

AMC - The Rising Wedge Breakout Scenario

Long
NYSE:AMC   AMC Entertainment
AMC looking to break resistance at 14.54.. it's likely the hedge companies will do everything in their power too keep the price under this level. Would not be surprised we trend sideways for a day or two. Once resistance is broken and new support is established we could climb to $50 very quickly.

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.