Signal Update
Our system’s recommendation today is to STAY IN CASH. The previous SELL signal was issued on 04/14/2023, 13 days ago, when the stock price was 5.2900. Since then AMC has risen by +1.51%.
Market Outlook
The last pattern detected was bullish with positive implications. The overall evidence, however, is saying “Watch Out!” but it is not yet pointing to BUY. The share price is still not above the confirmation level and the signal is suggesting to STAY IN CASH, but the chance of a bullish confirmation that will change the signal to BUY is very high. The Delayed Intraday Module is ON. We strongly suggest you to follow the price action on an intraday basis in order to profit most from the early phase of a bull run.