TradingView
marcosdaunte
Oct 25, 2021 10:28 PM

AMC (Breakout to $73.00) Long

AMC Entertainment Holdings, Inc.NYSE

Description

AMC is trading within a symmetrical triangle/large bull flag pattern (blue triangle/yellow lines.)
The relative strength index is trending down (signaling an impending breakout).
Pink circles indicate touches on the trendlines.
Price target (within reason) is the previous high of $73.00 (green dotted line).

*the bull flag doesn't meet ALL of the requirements (but price is still showing a possible uptrend).*

Comment

new post on my Patreon about AMC and when the expected breakout (time) is coming. Link below:
patreon.com/dauntetrading
More