AMC's Price Moves for the Week

Check out previous weeks votes below to see the changes in sentiment for AMC's price action. Sentiment was slightly less bullish as the previous week as the price slowly dropped last week with the rest of the market.

As you can see AMC is just at support in the long term downtrending channel highlighted by the purple lines. Also note that last week closed below a strong weekly horizontal support that is now resistance. This is a bearish circumstance but it did not completely sell off after dipping below so there is still buyers here at this level. All of them are apes

On the daily candles you can see that AMC 's price os still stuck in this very short term range I have been posting about for a couple weeks. Personally i can see the rice coming back down a tiny bit further to support of this range and then bouncing.

So what's the move with AMC next week? Will it break out of this very short term range finally and make new local highs? Will it stay within this range? Or will it break below this range to make new lows?