AMC Entertainment
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$AMC: Bullish Reversal Incoming?

475
⭐4H chart huge falling wedge
⭐Target of the falling wedge is 34$
⭐7.86 Fib level mounted as support (17.5-17.3$)
⭐20$ Resistance confirmed by EMA Ribbons and large VPVR node on the daily chart + 4h
⭐4H MFI bullish divergence, primed for a large bounce
⭐Strong bottoming signals on the daily chart, TD-Sequential red 9 + Vix Fix indicator. We barely wicked below the Ichimoku Cloud which is bullish. A daily close below the Ichimoku Cloud is bearish.
⭐Descending Volume while price consolidates is bullish
⭐Break and hold above the daily Ichimoku Cloud = Bullish
⭐Right now a daily close above 18.5$ is needed to confirm the bottoming signals
⭐Options chain looks bullish, a weekly close above 20$ is likely.

*WARNING* This thread is not financial advice. I am not a financial advisor.

Thank you for reading.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.