AMC, The Meme Stock

Textbook consolidation pattern for AMC. Price will likely spend some time in this region before making a decisive move. Although, it is quite overextended from the 200 MA across most timeframes, including the shorter ones, further upside cannot be ruled out. A daily close above $60 will possibly indicate a continuation towards the upside. And on the flipside, a daily close below $45 will likely challenge the continuation of the upward trend.