AMC Entertainment Holdings Inc. shares are trading lower Monday as the market continues to dip. Many other popular WallStreetBets stocks are pushing lower as well. AMC has fallen out of a pattern and is now on a strong downward trend. AMC was down 9.74 percent at $16.22 at time of publication Monday. AMC Daily Chart Analysis The stock is now trading in a downward trend after falling below a pennant pattern. This shows bearish traders have taken control of the stock. The bearish trend may continue to hold until the price can cross above the channel resistance. The stock trades below both the 50-day moving average (green) and the 200-day moving average (blue). This indicates bearish sentiment, and each of these moving averages may hold as an area of resistance in the future. The Relative Strength Index (RSI) continues to fade lower and now sits at 21. The RSI is in …
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