The analysis focuses on AMC stock. Previously a major resistance stemming from the 5.50 level was broken. The presenter points that the stock price showed strong signs of buyers taking over the control breaking the resistance in the 3.06 level. In the one-hour chart, it’s needed that the support in the resistance holds. A double bottom pattern has formed on the weekly chart near 2.30 level. Based on the current price action, a short-term move towards 3.60 or 4.00 is anticipated. The analysis extends to the weekly timeframe, showing that the stock has been stuck under resistance over the last year. A spike in volume is needed to support the potential move. The overall target in the next couple of months might be a test of 5.50 if it really holds the break.