AMC recently broke off of the downtrend we had since march 29th and bouncing off the .786 Fibonacci, respectively missing it by 14 cents.
If this was the end of the 2nd Elliott Wave, our next impulse lead us to the price target at 1.618 Fib -> $44.59
AMC hit today the 0.618 fib level, respectively missed it by 4 cents. My prediction for wave 3 is the move into the $41.80 range in the next 5 trading days. By the way the RSI is cooling off and the price is dropping while volume is also dropping, absolute bullish!
