Amc Although we had a beautiful run up which was a nice bullish move, one thing to keep in mind is the faster we run up the less support we have on the way down. With that being said the $16 range has been a struggle for AMC. Currently we are testing the 200 EMA on the four hour time frame which is slowly getting rejected over and over. This is something to keep in mind as we could be getting slowly push down as the 200 continues to point down. If somehow we’re able to push through then we could see a very big break, however most stocks that have tested their 200 EMA on the four hour, have failed and gotten big rejections. Is AMC going to stray away from the market and be bullish while everything else is Bearish? Probably not so for me I’m going to continue to watch it get rejected and look for my entry.
