In this idea we are looking at the AMC price, which has been moving in a symmetrical triangle from the recent breakout (June) until now.
We are looking for three confirmation-points on the resistance- & support-line. The chances for a breakout are fairly high.
The breakout was confirmed by touching the previous high at $44. We are still missing some volume to finally confirm the breakout.
The current positive sentiment as well as the upcoming earnings could be strong catalyst for the targets - shown in the chart.
Please manage your risk accordingly.
Ares
We are looking for three confirmation-points on the resistance- & support-line. The chances for a breakout are fairly high.
The breakout was confirmed by touching the previous high at $44. We are still missing some volume to finally confirm the breakout.
The current positive sentiment as well as the upcoming earnings could be strong catalyst for the targets - shown in the chart.
Please manage your risk accordingly.
Ares
