Bull case on AMC. Technical Analysis

Jul 22, 2021

We broke out of the double bottom and we're going to see a retest of the $40 breakout. If we hold that we can see upside towards the descending resistance trendline, we break that, move through the supply zone, and go above $70, we have confirmed that we are out of the downtrend we've been seeing the past month.

This is my first published idea, since I'm feeling to have a good grip on TA after a full year of trial and errors :)

Jul 27, 2021

Trade closed: stop reached

Wave 4 cannot overlap with the price territory of wave 1 (Except in the rare event of a diagonal triangle pattern).