AMC is too risky to go long now. 0.786 Retracement of last drop proved itself as a strong resistance.
It may fall to 35 USD which is the golden ratio Retracement of last rally. please note that lower prices is also possible.
Stochastic indicator has made a bearish reversal while its near overbought zone in weekly.
I can strongly suggest that at least AMC is not offering an ideal setup to go long.
My Recommendation :
Do not go long at current prices unless you are a swing trader or you find any other strong reason.
Good luck everyone.