Since AMC broke out of the huge wedge on the 20th of Aug, it has been forming a rising wedge approaching the low 50s. However, you can see the 14-day RSI is approaching overbought territory and there is a divergence in the MACD. This is a time to take profit or stock up on more once it reaches 45USD (0.382 fib level)
I see an ascending triangle starting around the 25th of August. Three touches to ~$48, then a break through starting last week. Today was a confirmation of the trend with the pull back to $48. I guess the next few days will tell…
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I mean, the volume being low just means there has been less shorting for a few days. Also, SI is up even more now and lots of shorting borrowed today on a shitty market day.