TA for AMC
Last week, AMC rose above $32.50 and reversed immediately. This showed that it was unable to rise above the $32.50 resistance and is still in a downtrend.
It is still holding above the $20 support. This is an important level as if there's a breakdown, it will be bearish and may fall below its Mar 14 low of $12.90. The worst-case scenario is that it drops to a new 52-week low.
It is still holding above the $20 support. This is an important level as if there's a breakdown, it will be bearish and may fall below its Mar 14 low of $12.90. The worst-case scenario is that it drops to a new 52-week low.
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Jalapno : Yesterday it dropped to 20.01 so it is holding on by its fingertips.
WOOKIEE : Lol? by now everyone should know technicals don’t work on AMC and GME
bullrider_21OP WOOKIEE: Not true. Despite the surge above $32.50, it is unable to rise above the downtrend line. This means it is still in a downtrend. Besides, it's far below the 52-week high of $72.62.