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austriancapitaltheory

Inverse Head and Shoulders Pattern. Bullish Prediction for $AMC

AMC Entertainment (NYSE:AMC)  
austriancapitaltheory  
NYSE:AMC   AMC Entertainment
Chart Patterns Head and Shoulders Inverse Head and Shoulders
5
3
chartpattern headandshoulders inverseheadandshoulders
Why I am bullish?:
Clear inverse head and shoulders pattern with a decisive close above the neckline on the daily chart. I am looking for a return back to the neckline to potentially add to a new long position.

Volume is about as perfect as can be with light volume around the head and strong volume on the rally up to the neckline from the right shoulder.
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