SaeedSajedi

AMC, May fall to 35 USD. Be cautious !

SaeedSajedi 已更新   
NYSE:AMC   AMC Entertainment
AMC is too risky to go long now. 0.786 Retracement of last drop proved itself as a strong resistance.

It may fall to 35 USD which is the golden ratio Retracement of last rally. please note that lower prices is also possible.

Stochastic indicator has made a bearish reversal while its near overbought zone in weekly.

I can strongly suggest that at least AMC is not offering an ideal setup to go long.

My Recommendation :
Do not go long at current prices unless you are a swing trader or you find any other strong reason.

Good luck everyone.
評論:
AMC is on the way to reach the proposed target!
評論:
38.76 is not the last low any more. AMC continues making lower lows.
Watch 32-35 possible buy zone carefully.
評論:
AMC Reached to 35 USD ! is it going to have a bullish reversal around 32-35 ? lets see.
評論:

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