AMC Is there Bullish price action to continue

1 févr. 2021

Hi traders:

Aside from all the recent news on AMC and other stocks, lets talk a look at the technical sides.

We see price was at all time lows of $2, seemingly going down more. However, price action may give us clues on the overall future.

From the all time highs of a double tops, price pushed down and then formed continuation to push down further. But, it begin to formed a reversal correction, looks like a fallen wedge/descending channel.

Sure enough price getting squeeze to the bottoms, and eventually a strong bullish break out. This is always a good sign for continuation after a reversal correction.

The test here is whether we can get a continuation correction, or a right shoulder for a H and S pattern to further continues the bullish price.

Thank you

2 juin 2021

Note

This ages well...