AMI chart is forming a triangle pattern; and more broadly an...

AMI chart is forming a triangle pattern; and more broadly an inverse head and shoulders (IH&S) pattern.

RSI stabilised after entering oversold range.

MACD is converging on the daily chart (also, 50 MA on the verge of crossing 100 MA).

If the triangle squeeze breaks to the upside, we will potentially see a completion of the IH&S. If the IH&S is validated, and the price breaks out above we can expect a retest of the neckline (potential entry here).

Assuming this neckline support holds (safer entry here), the IH&S could reach north of $0.62.

My overall bias on AMI is bullish given fundamentals + rising POG. Note: this is not financial advice.

Keen to hear thoughts.

Cheers