Analysis

On AMC we have had a very nice trend over the past few days. Two conditions are to be seen for our analysis today. On the one hand, as you see on the chart if the resistance line is forcefully broken by a large green candle and followed by a large green volume, this means that we would have trend continuity. On the other hand, if the vwap indicator as well as the support line are forcefully broken by a large red candle and accompanied by a large red volume it implies that we would have a high probability that the market will fall.Thanks.