AMC's decreasing triangle - waiting for its breakout
AMC has been providing fake buying signals since last June, which has ended up creating a decreasing triangle composed of a buying zone and a series of decreasing maxima.
Right now, the price of these shares is placed inside of a buying zone, which in a normal situation could entail a buying opportunity. Nevertheless, as the triangle figure is very close to the appex,it is a better option to wait until the price of the shares breaks the triangle in any direction. Once it breaks, operating in the direction of the new trend could be a potential strategy.
We'll keep track of this share price evolution
Right now, the price of these shares is placed inside of a buying zone, which in a normal situation could entail a buying opportunity. Nevertheless, as the triangle figure is very close to the appex,it is a better option to wait until the price of the shares breaks the triangle in any direction. Once it breaks, operating in the direction of the new trend could be a potential strategy.
We'll keep track of this share price evolution
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