AMC (Breakout to $73.00)
Updated
AMC is trading within a symmetrical triangle/large bull flag pattern (blue triangle/yellow lines.)
The relative strength index is trending down (signaling an impending breakout).
Pink circles indicate touches on the trendlines.
Price target (within reason) is the previous high of $73.00 (green dotted line).
*the bull flag doesn't meet ALL of the requirements (but price is still showing a possible uptrend).*
The relative strength index is trending down (signaling an impending breakout).
Pink circles indicate touches on the trendlines.
Price target (within reason) is the previous high of $73.00 (green dotted line).
*the bull flag doesn't meet ALL of the requirements (but price is still showing a possible uptrend).*
Note
new post on my Patreon about AMC and when the expected breakout (time) is coming. Link below:patreon.com/dauntetrading
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.