AMC Entertainment
Long

AMC - Triangle breakout

196
  • Clean breakout of the ascending triangle. +++
  • Good volume - still seems like retail buying though ++
  • Into the supply zone until 200 DMA around 23, so likely to be choppy until it clears 200 DMA. If it doesn't lift off in next few days, I'd be alarmed and look to trim position. Projection is that it tests 200DMA

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