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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

The Nasdaq index entered the Bearish zone four days ago, indicating a prevailing downtrend. While there have been attempts at a rebound in the past two days, the trend appears to be temporary. Even if a reversal to an uptrend occurs, it is likely to be short-lived, with a high possibility of another downturn. Overall buying strength is weak, and any apparent strength, such as today's, is likely to be temporary. In the current Bearish zone, where selling pressure is strong, there is a high likelihood of a continued overall downtrend. The anticipated resumption of the downtrend is expected to persist until the middle of next week, followed by another potential uptrend. However, during the next uptrend, selling pressure is expected to weaken significantly. Therefore, the rebound in the index could be more prolonged and substantial after next week. Given the prevailing bearish sentiment, it is advisable to adopt a strategy that prepares for additional downside risks. Oct 24, 2023 ◆ Clo