If AMC stays ABOVE the gap zone (BLACK lines) then there will be 5 challenges for AMC to get back to the 50 area.
Challenge 1: 39.75 - 40 .25
Challenge 2: 42.50 - 43.00
Challenge 3: PURPLE RES. LINE
Challenge 4: 46.00 - 46.50
Challenge 5: 48.50 - 49.00
Challenge 1: 39.75 - 40 .25
Challenge 2: 42.50 - 43.00
Challenge 3: PURPLE RES. LINE
Challenge 4: 46.00 - 46.50
Challenge 5: 48.50 - 49.00
Note
This analysis still is looking confident. the lower support line seems to be slightly off, or, the trend analysis has failed and price will decline.Note
Great results ;)Note
Possible sideways price action to meet that lower support line and push up off of it againNote
Well this was as perfect as you can get it. Hit PLAY on this, 100%%%%%%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.