$AMC - Falling Wedge Breakout
AMC finally approaching the key resistance level of $48 for the fourth time. AMC has a trend on breaking out on the fourth touch and this week may be that time we finally breakout. On the daily timeframe we see a falling wedge from the previous high that we had in May/June. This pattern has a high chance of retesting that previous high of around $60. Once it retest that $60 area it will probably pull back to the low $50 to find a good level of support. I plan to sell my calls at $60 and come in on the pullback around $50 before we take off to $100+. 
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