 Hello everyone, we're going to be taking a look at the latest update on AMC. Last week it closed a positive 1.67% and the current price is $40.74. Looking at the daily chart, what we see is a lot of strength here along the 200 EMA. Here we had a breakdown in the price action but then it rose right back up before the market closed yesterday. Now we saw extremely volatile and favorable price action to the upside at the 41 mark. This can be seen as our new resistance. I feel like once we break this, we are off to a massive move. Obviously we all want to see rip up all the way back to 72 but it may not happen right away. We also see a higher risk at above 50. We show strength in the trend. The trend we are seeing is a move to the upside after several trading days of consolidation. I wonder what will be the buying pressure on the settlement period next week. Some 2191 contracts expired in the money this week. So that's good stuff. Let's go ahead and look at where our max paying is. It is at $39. It did not shift today but the put call ratio is extremely bullish at 0.38. There's a lot of bullish sentiment with AMC. For Monday, I expect a continuation of this momentum. So on the headlines it reads AMC is bouncing off support and starting to head higher again. So the stock looks to be bouncing off support to what's technical traders call a pattern. The stock has been condensed between narrowing highs and lows and is nearing the end of the pattern where there's not much more room for the stock to go. The stock will see a breakout within the coming days. Buyers and sellers can still come into the market after the price action. Let me know in the comments section what you guys think about the changes in the way the stocks have been traded. Thanks for watching this video. Please don't forget to give us a thumbs up and subscribe to the channel. Bye for now.