AMC Entertainment may fall to 3.81 - 4.09

5.39 is our pivot point.

Our preference

The downside prevails as long as 5.39 is resistance.

Alternative scenario

The upside breakout of 5.39 would call for 5.87 and 6.15.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 5.0515 and 5.047).

Supports and resistances

6.15 **

5.87 *

5.39 **

5.21

5 (USD-last)

4.36

4.09 **

3.81 *

3.53 **

Number of asterisks represents the strength of support and resistance levels.