AMC Entertainment Faces Steep Drop Below $10

Without securing price action above $60 during the pending upside swing, AMC faces a very steep drop below $10, more likely to find support near $5. Considering the trending upside move and its 3 wave structure, this eliminates the possibility of AMC being in true impulsive form.

Commento:

upside corrective (B) wave seems to have completed already in all likelihood.

AMC could be on its way to sub $5.

Commento:

An update on AMC's precarious scenario:

Commento:

Any takers on this stock sinking below $5?

Commento:

flush out!

Commento:

How much could you have saved during this 50% drop?

Trade chiuso: obiettivo raggiunto:

new ATH likely to come for AMC. decent buy zone.

Ordine annullato:

Update: AMC is likely due to see new all-time lows in the weeks ahead. Formation doesn't speak to any upside before then.