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AMC: Potential Breakout, testing resistance as support

Long
AMC Entertainment (NYSE:AMC)  
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NYSE:AMC   AMC Entertainment
Trend Analysis Chart Patterns Technical Indicators AMC GME wsbreddit squeeze SPDR S&P 500 ETF (SPY) wsb wallstreetbets
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trendanalysis chartpattern indicator amc gme wsbreddit squeeze spy wsb wallstreetbets
AMC breaking out of its downward channel and looking for daily support green candle on the upper resistance trend line, some volume confirmation and green open on monday could confirm a move higher.

First target $24 if breakout is sustained based on fibonacci retracements.

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