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AMC Entertainment Holdings forecast: AMC breaking key $12.22 support level

5/24/2021 9:23:28 AM GMT
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By Ivan Brian
AMC sitting on key support at $12.22
AMC shares have had a sharp rally.
#AMCSqueeze no longer trending on Twitter.
AMC shares are looking to start the week on a cautious note after last week s stellar gains saw AMC close the week struggling to hold those gains. AMC exploded out of its triangle formation and unfortunately just failed to breach the strong $14.54 resistance. Now AMC shares are clinging to support at $12.22 and looking likely to break lower. This is a key support level.
Just in case you are not too familiar with the whole GameStop and related meme stock saga, here is a little recap of the story so far from AMC s point of view. AMC is a global cinema chain and, as a result, has struggled during the global pandemic as most of these cinemas have been closed for the better part of a year. The company narrowly avoided bankruptcy through the interest of retail ....

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AMC Entertainment Holdings (AMC) Stock Price: AMC holds key support at $12.22 as meme names suffer

5/20/2021 1:49:00 PM GMT
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By Ivan Brian
AMC shares fall nearly 4% from the open on Thursday.
Shares of the embattled theatre chain are close to a break of the key $12.22 support level.
AMC one of the few stocks down in a positive market.
Update May 20: AMC shares are under pressure straight from the open on Thursday as the stock has dropped nearly 4%, trying to break the key $12.22 support. This is key to the bullish trend we have seen recently in AMC. Breaking $12.2 also breaks the 9-day moving average and moves AMC into a more neutral zone. The sharp move up had seen momentum oscillators Relative Strength and Commodity Channel Index show overbought levels on Tuesday. AMC shares are just hovering below the key support at $12.19 at the time of writing, down 3.4%. ....

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AMC Entertainment Holdings Price forecast: AMC surges on triangle breakout. Targets $14.54 then $20

5/14/2021 10:25:26 AM GMT
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By Ivan Brian
AMC surged more than 23% in Thursday s session.
The entertainment giant s shares smashed key levels, targeting $14.54 and then $20.
Switch from crypto to meme stocks surges the move.
AMC has done it again and in the process is stealing the GameStop crown. Supposedly a movie about the whole GameStop saga is in the works, but if AMC has its way it will be stealing the show. Coming to an AMC theatre near you: AMC to the moon .
AMC closed Thursday at $12.77 for a nice gain of 23.7%, thank you very much.
AMC stock news
In the unlikely event you are not aware of the back story, here is a little recap of the story so far. AMC is a global cinema chain and, as a result, has struggled during the global pandemic as most of these cinemas have been closed for the better part of a year. The company narrowly avoided bankruptcy through the interest of retail traders. By strong ....

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AMC Entertainment Holdings Price: AMC stock set to extend gains, defy gravity

An unexpected day given what had preceded it on Monday. The Nasdaq suffered on Monday and Tuesday saw traders come in to see heavy losses overnight in ....

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