Since bottoming at $4.17, AMC surged to a peak of $4.87, completing five impulsive waves. Wave 4 formed a complex contracting triangle before wave 5 topped at $4.87 around 6:30 PM London time. From this peak, AMC experienced a sharp correction, likely bottoming near $4.26. From here, our analysis points to a significant rally, breaking above the $5 mark, with long-term projections targeting the $20 range. AMC’s bullish trajectory continues to gain momentum for the months ahead.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.