AMC: Skyrocketing Potential Ahead

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.