*Support and bounce from near the 76.4% fib retracement (Elliot Wave 2 target) although I still think it gets to $2.78, personally:
*Upper target Wave 3 target (pre-stock split) would be $475 - $623:
*Upper target Wave 5 target 200% fib(pre-stock split) would be c.$4000, but AMC hitting this seems very unlikely:
Bear Analysis:
*A Break below $1.18 (pre-stock split) would invalidate the bull thesis.
*Historically speaking most heavily shorted stocks will fall following a stock split. It could also break the bull thesis. Some interesting research on stocks following a stock split: sciencedirect.com/science/article/abs/pii/S0148619515000648
Time will tell and hindsight is a wonderful thing.
Emir iptal
Piece of crap invalidated my theory. AMC is dead to me as per technical analysis goes. Good luck to anyone who continues to hold.
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