AMC has been consolidating in this channel for about a year now. With my Bull Hat on I speculate that AMC will potentially breakout of this channel once more vaccines are distributed and when it is deemed "safe" for people to watch movies together again. With my Bear Hat on, AMC may never see the light of day and go bankrupt unless they pivot their business model. In the short term on the Daily timeframe AMC looks like it just formed a Double Bottom pattern. All indicators show a bullish reversal about to take place as we ended with very good volume last week 1/15. MACD is about to cross and the RSI shows that it is oversold. My short term PT is $5. AMC could also breakdown ending in a potential triple bottom. Keep this one on your WL to see if it passes the $7.50 resistance.