We are forming a clear bull flag on 30 min chart on AMC
AMC is showing all the signs of a flag, such as gradual decrease in volume, and flat RSI.. indicating a trip to the moon or back to Earth soon.
Levels I am looking at: Entry: 60.00 Stop Loss: 51.68
AMC has been very volatile, so I am sitting on my hands as much as I can before one of these levels are put to action. Possible puts if we drop below "Stop Loss"
@Sugarbooger123, It didn't break down with any volume and it did it after hours. However, personally I don't trust any flags that move more than 70% towards the apex. This is all the way at the end. I am more concerned about losing the uptrend. But if you look at it as a daily chart, we could still regain it today. Fingers crossed.