Can $AMC come back to life again?

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AMC is showing some good TA on the weekly and daily chart. We are visiting lows from the past, which reminds me of when I played AMC and it visited the COVID lows.

On both the Weekly and Daily we have the MACD in GREEN, RSI crossing MA which the weekly is showing downtrend being broke.

Daily chart Is almost or is right on the 8 day crossing the 21 day EMA. Daily is also breaking the downtrend of ~$4.40 along with breaking the 100 day SMA. Holding VWAP form the low of $2.45 on 4/4/2025.

AMC Price as of 5/15/2025: $2.81

1. Need to see continuation out of the downtrend with volume
   
2. Break the resistance level of $2.81 - $2.85, which has the 100 Day SMA around the $2.83 that needs to be cleared.
   
3. Then $2.90 - $3.00 and we'll follow the Fib Levels and mark support/resistance levels as we go.
   

This could get spicy so buckle up knuckleheads!

AMC Daily


AMC Weekly

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ملاحظة

5/22/2025 was a great day with volume pushing the AMC further upward. Regardless of the "cult", "apes", etc., I trade with price action which many signs pointed to AMC here. Almost 20M traded today which is over 2x the normal trading volume.

AMC is above the 8, 21, 50, 100 MA and if it wants to see higher prices and be the ultimate bullish indicator is being above the 200 day MA. The 200 Day MA is ~$3.85.