AMC: Be Careful of the Drop. We look to Sell a break of 20.12 (stop at 22.18)
AMC - Short Term - We look to Sell a break of 20.12 (stop at 22.18)
Trades with a bearish descending triangle formation. A break of bespoke support at 20.55, and the move lower is already underway. The bias is still for lower levels and we look for any gains to be limited. Daily signals are bearish. We look to set shorts in the early trade.
Our profit targets will be 14.50 and 8.90
Resistance: 25.00 / 30.00 / 40.00
Support: 20.50 / 15.00 / 10.00
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