Hi traders,
It looks like AMC has found a bottom and is poised for an upward move. While AMC’s fundamentals may not be as strong as before the rise of online streaming platforms, this giant movie monopoly isn’t entirely out of the game. Technical analysis suggests a bounce from current levels.
My initial target is the $4.70 area, but we’ll need to watch momentum closely to see where it leads next.
May the trend be with you.
AP
It looks like AMC has found a bottom and is poised for an upward move. While AMC’s fundamentals may not be as strong as before the rise of online streaming platforms, this giant movie monopoly isn’t entirely out of the game. Technical analysis suggests a bounce from current levels.
My initial target is the $4.70 area, but we’ll need to watch momentum closely to see where it leads next.
May the trend be with you.
AP
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