AMC potentially completing retracement, target 16

AMC looks like it completed 3 waves off the high from the yolo pattern we saw earlier during the GME rally. Potentially could be beginning a 5 wave move to the upside after the rally today, target for a pullback is sub 8. Target for wave 5 is around 16.

Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.

Copyright Rohan Karunaratne 2021