AMC receives positive support - Analysis - 01-08-2023

Economies.com
2023-08-01 11:10AM UTC

AMC Entertainment Holdings' stock (AMC) rallied in the intraday levels after leaning on the support of the 50-day SMA, while retesting the downward trend line that was breached recently in the short term, sending the stock 7.11% higher in the last session, or 33 cents, and settling at 4.97.

 

Therefore we expect more gains for the stock, targeting the resistance of 6.11, provided the support of 4.50 holds on.

 

Expected trend for today: Bullish

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