AMC Entertainment (AMC.US) stock jumped more than 8% after the cinema chain announced that 98% of its U.S. theaters will be open beginning Friday. Company plans to reopen 99% of its locations by March 26. The company said safety and cleaning protocols developed in part with Clorox include mandatory mask-wearing, social distancing, automatic seat blocking and upgraded air filtration systems.
AMC Entertainment (AMC.US) stock launched today's session with a bullish price gap and is trading above the upper limit of the ascending channel. As long as the price sits above it, further upward move towards resistance at $17.28 is the base case scenario. However if sellers will manage to regain control, then another downward impulse towards lower limit of the channel could be launched. Source: xStation5
