AMC Entertainment may fall to 3.73 - 4.04

Our pivot point stands at 5.6.

Our preference

Eye 4.04.

Alternative scenario

The upside breakout of 5.6 would call for 6.14 and 6.46.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under its 20 day moving average (5.0995) but above its 50 day moving average (5.0346).

Supports and resistances

6.46 **

6.14 *

5.6 **

5.39

5.04 (USD-last)

4.34

4.04 **

3.73 *

3.42 **

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