Antero Midstream Corp.Here's a longer term technical view of Antero midstream NYSE:AM . After a multi year downtrend, AM has been forming an inverse head and shoulders. I did some measurements I thought were interesting and sharing them here for feedback and comments.
The left shoulder took about 169 days to form. projecting that on the right shoulder shows the shoulder should be about done mid January 2021. The right shoulder is being formed within a bearish channel and has created an AB=CD like scenario. I noticed that the C point of the AB=CD formation is about mid way in the left shoulder measurement. Measuring the AB=CD sends the projections around the total measurement of the left shoulder. Looking for the bottom of the left shoulder to be around $4.50 - $4.00. I placed a green box to highlight an area where the breakout could occur if the formation plays out.
If nothing else, we'll call it chart art.
Enjoy
