Cup and Handle Rising Wedge Earnings Today AMCARWR has been traveling in a possible Bearish Narrowing Rising Wedge
This pattern is not valid unless lower trendline is broken and it has not been
I have noticed the rising wedge often bites a security at earnings though..so be careful
And it is possible, to break UP and over the rising wedge. I have noted stocks do not stay there long as a rule. But rules are made to be broken (o:
CRM broke up and out of a RW when it was added to the DOW.
Possible targets if this stock is able to beat this wedge pattern are 94.2 107.2 116
Possible stop below HL ( 59.18) or MC (46.5)
The last pivot low or support level you feel is adequate can also work
Just be safe