For the last 3 days AMC experience strong increase movement in price an movement in the 30 min chart. On Friday AMC finished a Falling Wedge. What I see right now is AMC buying volume is getting weaker despite holding strong today. I start to see bearish divergence in 1hr chart and a bit in 2hr but not yet confirm. We could experience a symmetrical triangle today or tomorrow. I expect a strong start tomorrow but slowly price dipping. Good for reentry if you are in for the long. Good for selling if you made your entry back at $36. So its a 50/50 tomorrow. Either it continues this week bull or it is retesting.
Update: If it forms a symmetrical triangle and stay above the $42.80s it will bounce up much higher. If not expect to retest.
Update: If it forms a symmetrical triangle and stay above the $42.80s it will bounce up much higher. If not expect to retest.