In this idea we are looking at the AMC price, which has been moving in a symmetrical triangle from the recent breakout (June) until now. We are looking for three confirmation-points on the resistance- & support-line. The chances for a breakout are fairly high. The breakout was confirmed by touching the previous high at $44. We are still missing some volume to finally confirm the breakout. The current positive sentiment as well as the upcoming earnings could be strong catalyst for the targets - shown in the chart.
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