$amc appears to be wrapping the lower bounds of an upward wedge formation. Volume ramping over the last few sessions, plausibly to test resistance at 9.
Kommentera:
Pre-market held range-based consolidation levels very well. Opened mixed and set up a quick post-open pennant, then proceeded to break all levels perfectly. So, this was a good example of a multi-session consolidation break-out pattern and accelerated nicely through the long-term wedge formation. Performed a typical 1-3 push pattern then stalled at the upper boundary line of the wedge.
2/26 9c entry at 8:41 cst ave 20, exit at ave 40, hold time 18 minutes. 100% gain.