AMC Entertainment has shown the bullish signal and the following points can be considered for the coming days.
1. 1st triangle has broken out and the current price at the time of writing this confirms.
2. Huge resistance at breakout point (1)
3. If it breaks out of point (1) and support zone established at point(2) then the price movement can be expected as per the chart.
4. Ichimoku cloud has crossed the leading span B as per today's movement and its out of cloud formation.
5. MACD line has crossed the signal line on a weekly chart.
6. RSI at 51 on a weekly chart.
Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”.
If you like my TA & ideas!! Want to keep yourself updated with current market action,Please follow my profile for more analysis.
Thank You.
1. 1st triangle has broken out and the current price at the time of writing this confirms.
2. Huge resistance at breakout point (1)
3. If it breaks out of point (1) and support zone established at point(2) then the price movement can be expected as per the chart.
4. Ichimoku cloud has crossed the leading span B as per today's movement and its out of cloud formation.
5. MACD line has crossed the signal line on a weekly chart.
6. RSI at 51 on a weekly chart.
Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”.
If you like my TA & ideas!! Want to keep yourself updated with current market action,Please follow my profile for more analysis.
Thank You.