AMC continue to move as part of the correction and the formation of the “Wedge” model. Moving averages indicate a short-term bearish trend in the AMC. Prices were able to bounce off the area between the signal lines, which indicates pressure from the sellers of the securities. At the time of publication of the forecast, the share price is 7.81. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the 5.55 area. Further, a rebound and continued growth in the value of securities. A potential target of such a movement is the area above the level of 18.05.
AMC Stock Forecast and Analysis February 5, 2021
An additional signal in favor of the growth of AMC quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the Wedge pattern. Cancellation of the growth option for the AMC stock price will be a fall and a breakdown of the level of 4.45. This will indicate a breakdown of the support area and continued fall into the area at 2.05. Expect acceleration of the growth of shares is with the breakdown of the resistance area and closing above the level of 11.05, which will indicate a breakdown of the upper boundary of the “Wedge” model.
AMC Stock Forecast and Analysis February 5, 2021 suggests the development of a correction and a test of the support area near the level of 5.55. Where can we expect a rebound and an attempt to continue growth to the area above the level of 18.05. A test of the trend line on the relative strength index (RSI) will be in favor of raising the currency pair. Cancellation of the AMC growth option will be a fall and a breakdown of the level of 4.45. This will indicate a breakdown of support and a continued fall in value to the area below the level of 2.05.
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