As you can see in the 4hr chart AMC is in a symmetrical triangle, where a breakout tried to take place but couldn’t get past the $62 resistance. Volume has been decreasing. To me this is a 50/50 trade. Getting above $62 puts a measured move squeeze to $110. Breaking the bottom of the triangle around $52, amc could fall back to $40. I’m just observing in the meantime, for a clear signal.
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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.