AMC EntertainmentShort
AMC Losing Steam?
It's hard to look at fundamentals or TA on a meme stock, but here goes my 2cents.
The 9 SMA just crossed the 180 SMA on the 1hr chart. The last time we saw this was on July 8th, 2021. After which we saw a 40% downside before starting to climb back up.
With everything going on, I'd hate to be bag holding to see what happens here.
A similar drop would put this in the
24S
Maybe time to book some profits?
The 9 SMA just crossed the 180 SMA on the 1hr chart. The last time we saw this was on July 8th, 2021. After which we saw a 40% downside before starting to climb back up.
With everything going on, I'd hate to be bag holding to see what happens here.
A similar drop would put this in the
24SMaybe time to book some profits?
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