I posted AMC on 6th April 2021 in this blog and on tradingview.com
https://www.tradingview.com/chart/AMC/mTNV2n4O-AMC-ENTERTAINMENT-HOLDINGS/
explaining the short term upside potential of $23.76 if we break and hold above the pivot of $13.55.
The Day long signal was issued on 13th May 2021 at $11.24 with an initial target of $23.76 and $36.13 which was broken with ease. An intraday high of $75.20 was recorded.
AMC closed at $47.91 on 040621.
Long positions are preferred when price approaches close to the day pivot of $24.02 or the 4hr pivot of $34.68 for a retest of $72.50.
LONG TERM UPTREND SINCE 040121
MEDIUM TERM UPTREND SINCE 250121
SHORT TERM UPTREND SINCE 130521
PIVOT 24.02
Long positions above 24.02 for 72.50 and new All Time Highs
Short positions below 24.02 to test 15.37 and 7.53
YOUTUBE link https://youtu.be/8pplEh7b_fU
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