$AMC cup and handle
With AMC beating quarterly expectations twice in a row now, it is set for a further rally. We see a cup and handle forming inside the wedge that has been forming during the past quarter. Looking to bounce off the Fib levels and back above the 40s.
Trade active
AMC hit the 0.618 fib level.
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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.