The stock broke up from a descending trendline, which is a bullish signal. If the trendline holds as support, it could indicate a new uptrend for AMC. The stock has resistance levels at $5.23 and $6.33, and support levels at $4.31 and $3.56. If AMC trades higher over the next few days and regains the eight-day exponential moving average as support, it would give bullish traders more confidence going forward. However, if the stock falls back under the descending trendline with big bearish volume, it could signal a longer-term downtrend.