Showing posts from October 25, 2023

AMC Daily Trend Analysis: Anticipating Rebound Momentum.

Introduction: In the past 4 days, AMC has entered a bearish zone, indicating a downward trend. However, as of Wednesday, October 25th, signs of weakening selling pressure are becoming apparent, suggesting an impending reversal trend. The stock is expected to fluctuate within a range for a while before entering a bullish zone. This rebound trend is likely to emerge as early as next week, with a strong upward momentum expected approximately two weeks from now.   Market Overview: The overall U.S. market is exhibiting a similar pattern, with a decline of significant magnitude, especially evidenced by a 2.43% plunge in the Nasdaq index. This has considerably dampened investor sentiment, particularly towards tech stocks. Despite the sharp short-term decline, it is anticipated that selling pressure will gradually weaken. Consequently, a rebound trend is expected to emerge either by the end of this week or early next week. Subsequent fluctuations are anticipated, but an overall downward st