$AMC bull case

15 Mar 2021

I like this count for AMC. But what do I know? I just like the stock.

16 Mar 2021

Not

Beautiful wave 4 kiss off the 0.382. Wave 5 target ~ $16.75

16 Mar 2021

Not

Well, that last correction to $12.97 crossed into purple wave (i), invalidating that count. But this likely indicated that we are in an extended purple wave (iii). Recount below.

25 Mar 2021

Not

Revised count. I would have preferred to have seen AMC break back into that Schiff pitchfork that formed off the minute wave 1-2, but a nested minuette 1-2 is still in play, with a nice tick of the 0.786. Bottom line: I still like the stock!