AMC Entertainment
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$AMC Bearish

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On my last chart of AMC we identified the demand zone and eventually blew right through out target! Now we're hear to look at the reverse of that outcome.

I know the bulls and 'ape land' won't approve of this sentiment; nevertheless, I foresee price action returning back to our $12 - $14 range and that could happen within a short duration of time. Let's call it within the next 30-45 days to be conservative; however, I really hate to ever put durations on anything when it comes to the markets.

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