We can see on the 1 hour chart, AMC stock is compressing into a very tightly coiled pattern. Normally, this pattern breaks out when it is 65-70% into the apex, but sometimes when there is a big battle between buyers and sellers we may see this pattern compress into a 90-95% apex. I guarantee that the next move is coming will be huge! Sellers seem to be trapped, and I am fully expecting trend continuation. A break and a 4 hour close below the $51 level will mean a downside break is coming, and we are likely to revisit the 30s.
If you look at my previous idea, I noted a technical target of $200 being the next possible top, however an explosive breakout could send us to $135 very quickly.