As you can see AMC has formed a massive price channel. Each time it made contact with the bottom of the channel it was the beginning of a massive run gaining over 500% in very short period of time. After each run, price pulled back 50-55% and raced back to the top of the channel to repeat the cycle.
The top of the channel is ~$200
Options expire 9/17
So what do you think? Will AMC blast off to $200?
30 minute chart broke out of falling wedge pattern.