AMC is toast without butter if it breaks $9.71
This is absolute critical that AMC can bounce from here or lowest price target $9.71
If it looses support of this area then it invalidates all bullish market structure by putting in a lower low and any sign of a reversal from this downtrend.
If it loses $9.71 then support must hold at $7.53. Failing that I do believe it will revisit $1.94
Sorry to be the bearer of bad news and I know how many of you are married to this junk but the chart is the chart and the price is the price unfortunately.
If it looses support of this area then it invalidates all bullish market structure by putting in a lower low and any sign of a reversal from this downtrend.
If it loses $9.71 then support must hold at $7.53. Failing that I do believe it will revisit $1.94
Sorry to be the bearer of bad news and I know how many of you are married to this junk but the chart is the chart and the price is the price unfortunately.
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