good morning everyone, my prediction for amc this week !

$AMC Entertainment (AMC.US)$ will be a mixed bag of down then up. I know yall don't wanna hear the negative but I'm going to call it like it is. I feel we're going to drop down to 4.80 a major support level for amc, today and tomorrow battle for this level. late Tuesday or maybe Wednesday start back up to retest 6.20 with more volume. breaking threw 6.20 we start the battle up to 9.60.

based on recent developments, amc will continue its bullish trend upward.

1. debt ceiling negotiations failing causing devaluation of short collateral

2. bank of America buying heavy into amc and large call position ex date June 30

3. citibank large 3 million position in amc and call position

4. shorts aren't covering but buying huge put positions at a 10.00 strike. which means they're not very sure of it falling more.

5. Florida pension fund just opened a large position in amc

these are very bullish points, I'd assume that a large move is in the very near future.