AMC has major resistance at the 19.60 - 20.00 level. Based off the rounded bottom pattern that we have formed, we are now approaching a downtrend resistance line. This downtrend resistance has been sending AMC to lower lows since the $40 level. Once this downtrend resistance line breaks ($20), we can expect a violent move to the upside back to $40.
The next resistances after $20 are $23, 26 and 32.
The next resistances after $20 are $23, 26 and 32.