AMC EntertainmentShort
Bearish divergence on AMC stock. Looking for a re-test of 22
Looks like AMC has failed to break and hold above the $26 level which I have been mentioning for a couple days now is a strong zone due to it being the resistance of the OB (Orderblock)
If it is to break below 22, then there is a high likelihood that the new stop is going to be the teens (17.10), which if you have been following my YT channel, it has been a target of mine for two weeks. I am expecting this level to get hit with almost certainty, and that would put us at making a macro 0.786 fibonacci retracement. After that, we should expect a massive rally back to the 30s.
Patience is needed. Have my buys set for these zones.
Good luck. Happy trading.
If it is to break below 22, then there is a high likelihood that the new stop is going to be the teens (17.10), which if you have been following my YT channel, it has been a target of mine for two weeks. I am expecting this level to get hit with almost certainty, and that would put us at making a macro 0.786 fibonacci retracement. After that, we should expect a massive rally back to the 30s.
Patience is needed. Have my buys set for these zones.
Good luck. Happy trading.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.