The CM Slingshot Indicator for AMC has finally turned green. The last time it was green was November 29, 2021 (about eight months ago). The stock also closed above the 200 MA , which hasn't happened since Dec 8, 2021 (also about 8 months ago). I'm looking for AMC to close above around $23-$25 to signal a breakout of the macro descending channel. Also looking to see increasing volume.
The next few weeks should be interesting....Not financial advice.
The next few weeks should be interesting....Not financial advice.