AMC fell through months' long support of $3.85 and is going to drop further to test support at around $3. If that doesn't hold, then it will drop to its ATL of around $2, to find support there.
Given AMC's recent announcement that it will run out of cash by the end of 2020 or early 2021 with current market trend, we might even see the price find new all-time lows before a rebound happens.
NOTE: Not trading advice. Please research your trades accordingly.
Given AMC's recent announcement that it will run out of cash by the end of 2020 or early 2021 with current market trend, we might even see the price find new all-time lows before a rebound happens.
NOTE: Not trading advice. Please research your trades accordingly.