AMC Entertainment may rise to 6.72 - 7.29

Our pivot point stands at 3.96.

Our preference

As long as 3.96 is support look for 6.72.

Alternative scenario

The downside breakout of 3.96 would call for 3.05 and 2.52.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 4.873 and 4.3082).

Supports and resistances

7.86 **

7.29 *

6.72 **

6.14

4.98 (USD-last)

4.32

3.96 **

3.05 *

2.52 **

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