AMC is too risky to go long now. 0.786 Retracement of last drop proved itself as a strong resistance.
It may fall to 35 USD which is the golden ratio Retracement of last rally. please note that lower prices is also possible.
Stochastic indicator has made a bearish reversal while its near overbought zone in weekly.
I can strongly suggest that at least AMC is not offering an ideal setup to go long.
My Recommendation :
Do not go long at current prices unless you are a swing trader or you find any other strong reason.
Good luck everyone.
It may fall to 35 USD which is the golden ratio Retracement of last rally. please note that lower prices is also possible.
Stochastic indicator has made a bearish reversal while its near overbought zone in weekly.
I can strongly suggest that at least AMC is not offering an ideal setup to go long.
My Recommendation :
Do not go long at current prices unless you are a swing trader or you find any other strong reason.
Good luck everyone.
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AMC is on the way to reach the proposed target!
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38.76 is not the last low any more. AMC continues making lower lows.
Watch 32-35 possible buy zone carefully.
Watch 32-35 possible buy zone carefully.
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AMC Reached to 35 USD ! is it going to have a bullish reversal around 32-35 ? lets see.
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