It looks AMC bottom out and you can take entry if it crosses above 16.64 and hourly candle close above 16.64, if that's the case you can ride till 19.73 and take profit there and wait, If it crosses channel's middle dotted line then ride till 26.00 and take profit. but play within channel and 2 green bands for now and do not gamble big in the hope of Squeeze.
AMC Buy Entry, AMC is not in a down trend but this is pure technical and here most of the Technical traders take their entry into the stock for long term. Go for it.
AMC is in an uptrend but not Bullish, We are failing to break a wall for the last few weeks and it's currently a range bound and not 100% Bullish. 7% Move higher or 7% move lower should not be considered as Bullish trend or bearish trend confirmation.
Just a recap and taking a second looks at our previous support. Always double check yourself or get a second opinion. Is this a retest or a support bounce? $AAPL
