How’d these levels play out today? Let’s take a look. $AMC HOD at $14.54 which is the 50DEMA — acted as resistance today. Hammer printed today. GDP report at 8:30AM EST tomorrow. Will await price action for direction and confirmation of hammer.
Gaps remain. #AMC
Thread⬇️
Gaps remain. #AMC
Thread⬇️
https://twitter.com/ryan__rigg/status/1552348311109210114
$AMC low of day $13.82 —
Was watching $13.61 fib level if above $13.82
#AMC high of day $14.54 — was watching $14.20 fib level if above $13.94
Caught a little breakout today after #FOMC
Didn’t see a test of $14.73 for the $15.05 fib level as was rejected at $14.54 —the 50DEMA
Was watching $13.61 fib level if above $13.82
#AMC high of day $14.54 — was watching $14.20 fib level if above $13.94
Caught a little breakout today after #FOMC
Didn’t see a test of $14.73 for the $15.05 fib level as was rejected at $14.54 —the 50DEMA
Earnings are 1 week from tomorrow and the market rallied today after #FOMC — caution tomorrow
Watching gap above at $14.73 if above $14.54 to set up possible $15.05 fib level
Watching $14.20 if below $14.48
$13.61 if below $13.82
$13.02 if below $13.26
$12.28 if below $12.41
Watching gap above at $14.73 if above $14.54 to set up possible $15.05 fib level
Watching $14.20 if below $14.48
$13.61 if below $13.82
$13.02 if below $13.26
$12.28 if below $12.41
Watching $11.09 if below $12.16 (most bearish)
A test and break above $15.57 could set up another test of the the $16.13 fib level — would be the most extremely bullish potential case but the 50DEMA is $14.54
We’ve seen these same levels for almost 6 weeks now. $AMC #AMC
A test and break above $15.57 could set up another test of the the $16.13 fib level — would be the most extremely bullish potential case but the 50DEMA is $14.54
We’ve seen these same levels for almost 6 weeks now. $AMC #AMC
*Was watching $13.61 fib level if below $13.82 (not if above) — correction
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