AMC was able to hold the 40 level on Thursday and Friday and has formed a small bull flag pattern.
If AMC can't hold the 40 level, it can make its way back down to 37. If AMC can hold above 40, it can bounce back into 46. Over 46 can cause a bigger breakout.
If AMC can't hold the 40 level, it can make its way back down to 37. If AMC can hold above 40, it can bounce back into 46. Over 46 can cause a bigger breakout.