Tuesday, August 17, 2021

AMC AMC Entertainment Holdings

 

AMC looks like it has finally bottomed. Between July 19 and August 5 it formed a bullish divergence with the RSI, warning of a bottom. The stock found support at $29 and bounced up with the 10 sma moving higher. Today the DI's have crossed into bullish zone, same with the RSI, all on good volume.

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