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Will AMC Bounce off of Critical Support?

AMC Entertainment  (AMC) has been a rollercoaster as we can see on the weekly chart. The chart describes a market that ranged roughly from 18.80 to 36. In 2017, after stalling just under 36, AMC retreated sharply and persistently. 

AMC Weekly Chart

(click to enlarge)

Key Support/Historic Low:
- As we can see on the weekly chart, price is now trading near the range support as AMC dips towards 20.
- I think in the short-term, there will be some bounce off of the 18.80-20.00 area, or some consolidation.
- We should probably limit the upside expectation first to the 22-23 area.