AI
Monday, December 12, 2022 9:10:38 AM
AMC Shares need to do these things now:
https://www.investors.com/research/amc-entertainment-stock-buy-now/?src=A00220
1) Rise back above the 10-week moving average, stay above it, and steer the technical level higher.
2) Overcome a large overhead supply of disgruntled holders ready to sell if the stock climbs back above 10.
3)Present price-and-volume action that signals heavy accumulation by fund managers, not distribution.
4)Rebound to at least 10 a share, and ideally above its falling 40-week moving average, currently at 12.53.
NTS: 10 week is currently 6.76
https://www.investors.com/research/amc-entertainment-stock-buy-now/?src=A00220
1) Rise back above the 10-week moving average, stay above it, and steer the technical level higher.
2) Overcome a large overhead supply of disgruntled holders ready to sell if the stock climbs back above 10.
3)Present price-and-volume action that signals heavy accumulation by fund managers, not distribution.
4)Rebound to at least 10 a share, and ideally above its falling 40-week moving average, currently at 12.53.
NTS: 10 week is currently 6.76
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