AMC Entertainment Holdings Inc (NYSE: ) is gearing up for Halloween with –a moviegoing event where horror fans pay just $5 per ticket to watch a preselected film. There’s just one catch: the audience won’t know what film they’ll be viewing before buying the ticket.
Unlike participants of the event, technical traders can use AMC’s chart to create a detailed roadmap to assist in planning their trades. Likewise, the apes who “hodl” the stock can use analysis to make decisions for when is the safest time to add to their positions.
The AMC Chart: On Tuesday AMC was, once again, testing the support of an ascending trendline that has been propping the stuck up since May 6. AMC also tested the trendline On Oct. 6