AMC Stock In 2023: Is It A Buy Now? Or A Sell?
$AMC Entertainment(AMC)$
Watch for a new bullish chart pattern will form. And AMC will definitely need weeks, if not months, to build the right side of that new base in bullish fashion.
An excellent set-up means the big boys and girls on Wall Street are more inclined to buy and hold shares, not dump them. Once a strong chart pattern has been established, an IBD-targeting breakout offers traders the best opportunity to reap gains at the start of a potential big run.
So at this point, AMC stock is not a buy. At some point, a cup base will form, but it's too early to tell.
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