You Ask, We Analyze: AMC Entertainment, Vinco Ventures Stocks Rebound Into Bullish Pattern: What's Next?

On Sunday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Monday. From the replies Benzinga selected one ticker for technical analysis.

Of the 91 followers who responded, 32 said they're buying AMC Entertainment Holdings, Inc (NYSE:AMC) or Vinco Ventures, Inc (NASDAQ:BBIG).

AMC and Vinco Ventures trended across social media for all of 2021 and although the mentions have slowed, there remains a solid foundation of retail traders who stand behind the stocks.

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The AMC Chart: AMC reversed course into an uptrend on Jan. 28, after hitting a bottom at the $13.40 mark. The stock has since made a series of higher highs and higher lows, with the most recent higher low printed on Feb. 7 and Feb. 8 at the $14.65 level and the most recent higher high created at $20.96 on Thursday.

  • On Friday, AMC printed an inside bar on the daily chart, which would usually indicate consolidation but due to the high-than-average volume over that day, it looks as though there was a battle between the bulls and the bears within a very tight trading range of just $1.33.

The inside bar leans bullish because AMC was trading higher before creating the pattern. Bulls and bears can watch for a break up or down from the inside bar on Monday.

  • AMC has resistance above at $20.36 and $25.79 and support below at $17.07 and $14.34.

The Vinco Ventures Chart: Vinco Ventures began trading in an uptrend on Jan. 24 and like AMC has made a consistent series of higher highs and higher lows. Vinco Ventures' most recent higher high was formed on Friday at $3.83 and the most recent higher low of $2.95 was created on Feb. 8.

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