Technical Analysis: Is It Showtime for AMC Entertainment?


AMC Entertainment had a dramatic short squeeze in May and June. Now it may be ready to move again following months of consolidation.

The price level around $35 is the first noteworthy pattern on the chart of the movie-theater operator. That was a peak in 2015 and 2016. Holding it now suggests old resistance has become new support.

Second, notice how that level matches the …

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AMC Entertainment (AMC), daily chart with selected patterns, courtesy of TradingView.
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