AMC - Tendies to the Moon? Looking at the TA
AMC does appear to be breaking out of a Bull Flag. However, the momentum behind it will determine if it truly is a break to new highs. Going to pay close attention to the $72 high to see if we bounce off it, or break through it. Be aware of a Pennant Flag formation. Too many failed attempts to break through $72 and the price will collapse.
As always, please let me know if you see something I didn't catch.
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As always, please let me know if you see something I didn't catch.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.