Possible New Trend Forming

Where is AMC going next? We could break out to the upside. Or reject the newly formed resistance and stay within this newly formed range for some time. Or we will reject resistance and break down completely out of range and continue down in the current bear market downtrend.
The indicators are oversold on the shorter time frames. But MACD is about to cross above its histogram which is a bullish indication.

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solo invest : Apes will call for new highs. I think I might be with them on this vote. Am I a bored ape now

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SpyderCall OP solo invest : if the broader market goes green next week i can see AMC following the market up. AMC does not always follow the major indices but i think it will this time if the market goes green

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Zerocool888 : According to last 10 years Wall Street history, June and July are usually good months for stocks. Unless some new stupid things surface, I have no nothing to say! Let’s pray the second half of 2022 will be a good start!

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SpyderCall OP Zerocool888 : agreed

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SpyderCall

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