Double bottom and Descending Broadening Wedge both indicate potential reversal. RSI oversold. Looking for break of down trend line and a break of the $50 area later in the week for a confirmation of the double bottom reversal.
AMC potentially set up to break through the $14 resistance with a clear path to the $17.15 level of resistance. We had this same set up at the $11 level and broke out to $14. Volume increasing over the last 3 days.
