AMC Entertainment may rise to 7.16 - 7.70

Our pivot point stands at 4.26.

Our preference

As long as 4.26 is support look for 7.16.

Alternative scenario

Below 4.26, expect 3.45 and 2.97.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 4.8375 and 3.9628).

Supports and resistances

8.24 **

7.7 *

7.16 **

6.61

4.99 (USD-last)

4.57

4.26 **

3.45 *

2.97 **

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