AMC Entertainment
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AMC - Coiling again for a big move

248
  • Held the demand zone and ST trendline support nicely last week. +++
    [*} Good accumulation volume ++
  • Holding above 60 VMA +++
  • 3D MACD signal is green ++
  • Overhead supply around 16.5 (also coincides with the 600 DMA)
  • Takeaway: I like long position here or ideally, on the touch of 16.5 and pullback.
  • First target 23-25 (around 200 DMA)

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