$AMC had a short lived Bullish run. What is next?

13 เม.ย. 2022

AMC
https://www.tradingview.com/x/mXBFkXyw/

Chart - Daily

EMA (Exponential Moving Average): 20 EMA crossed the 50 EMA but couldn't hold for the next cross over 100 EMA. It is currently trending downwards towards the 50 EMA.

TTM squeeze: All momentum is puff, gone. Squeezing downwards :(

Fib levels: We now have a reversed fib and at .382 it's the beginning baaaaad news. It must fight off .618 or we headed down for the 1 fib ($13.77).

Candle stick: Three Black Crows followed by a Bearish Engulfing. This is baaaaaaaaaaaaaad!

Pattern: Falling Wedge or should I say Bearish Price Channel Continuation.

News: I really think it's just the volatile markets and the continued fed data about CPI, SPI, and War.

History: Well last start first by looking at the previous moves and analysis; We suggested the moves to $27.71 and $31.04 which were right on point. We even got a little extra. The current trends are the exact opposite of the previous analysis. We say this to say that the probability for AMC to go back to $13.87 (1 fib reversal) is super high given the current market conditions. Especially with today's CPI data of 8.6% for the month of March. Maybe HYMC could come to the rescue but they seem to be facing the same fate.