AMC - Bullish Wave pattern

My technical analysis for AMC and why I am bullish on the stock

  • Strong support zone between the 15.70$ to 16.10$ area.
  • Since Jun/22/22, we have been on an up-trend. (Creating higher highs / higher lows)
  • Waiting for confirmation pullback to support zone
  • Once the support zone is hit, the next target zone will be the 18.30$ to 19$ area.

AMCelliottwaveprojectionTechnical IndicatorsTrend AnalysisWave Analysis

Disclaimer