AMC Wykoff

AMC is getting to resistance as it nears previous higher support levels. It’s in the IC on the 4 and completely blew through it on the 2 hour. And on the daily it would be mid $18 to even reach the IC for rejection. It’s 100% possible to reach $20 but also the chances it testing the bottom again seems likely. We could see price action stay where it is this week then by end of this week or next see it actually test the $12 price range if this level of price range get rejected this week.