AMC has been in a falling wedge ever since it touched the 34.33 price level on March 28th. Since then, price has been falling on decreasing volume, indicating that bears are being exhausted.
It is currently sitting in the Golden Pocket, which is a likely reversal area. I expect AMC to breakout soon towards the upside.
It is currently sitting in the Golden Pocket, which is a likely reversal area. I expect AMC to breakout soon towards the upside.