AMC has been trading within this macro falling wedge for a while now and has also formed a smaller symmetrical wedge on the daily timeframe. Price is attempting to breakout from both patterns and if it does we could see a huge move to the FIB golden pocket as seen in late march. PT 26.78- 30 usd. A rejection would send the price back to the bottom of the pattern for another cycle.
Not financial advice :).
Not financial advice :).
Comment:
Strong breakout !!