AMC reached a significant top around the $12 mark in mid-May 2024. Since then, the price has been moving through a WXY corrective pattern, with the X wave forming a triangle. We believe the correction bottoming out around the $4 mark, signalling a potential key reversal point.
Looking ahead, we are anticipating a huge growth opportunity with over 400% upside potential and a target of $20 per share.
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