AMC Entertainment
Short
Updated

AMC - Ready To Tumble But Could Turn Bull Soon

396
AMC has completed a 3 wave correction here and pushing down against the 4H 200MA and ascending trendline.

Its been a while since AMC went bananas and every ape in town came rushing in.

But it may be ape time again soon, obviously not until its done a x5 or so...

Chart personalities tend to continue and AMC is a ripper.

Looking to buy the low and hopefully with some precision.

Not shorting.

Not advice.
Note
Do check the linked threads to see my accurate bearish calls.
Note
Strong collapse as I said, now looking for the low.

snapshot

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