AMC is resting on the .382 Fib after completing an ABC retrace
PSAR flipped positive for the May 21st (excluding retrace waves)
1 Day:
-Triple bottom
-Bearish Divergences: HIST, RSI & CCI (expect minor retrace)
-Increasing volume
3 Day:
-Higher Low
-Positive PSAR
1 Week:
-Positive Divergences: MACD, VWMACD, CMF
Earnings are on March 3rd - Spider Man No Way's Home was in December so it could go either way.
A safe TP 1 is at $33; the .618 fib retrace level
PSAR flipped positive for the May 21st (excluding retrace waves)
1 Day:
-Triple bottom
-Bearish Divergences: HIST, RSI & CCI (expect minor retrace)
-Increasing volume
3 Day:
-Higher Low
-Positive PSAR
1 Week:
-Positive Divergences: MACD, VWMACD, CMF
Earnings are on March 3rd - Spider Man No Way's Home was in December so it could go either way.
A safe TP 1 is at $33; the .618 fib retrace level
Comment:
SL hit, support broken. Next stop is .5 fib