AMC Entertainment may fall to 2.72 - 3.16

Our pivot point stands at 5.5.

Our preference

Target 3.16.

Alternative scenario

The upside breakout of 5.5 would call for 6.3 and 6.78.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (4.846) but above its 50 day moving average (4.1098).

Supports and resistances

6.78 **

6.3 *

5.5 **

5.19

4.55 (USD-last)

3.59

3.16 **

2.72 *

2.28 **

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