AMC ready for another moon shot?

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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.

syot kilat

Penafian

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