Potential duplication in AMCAMC Entertainment Holdings, Inc. Class ABATS:AMCguirguissalib7🚀 AMC Weekly Analysis: Rounding Bottom & Structural Breakout Targeting $5.00+ (1:6 R:R Setup) Idea Description: AMC Entertainment Holdings (NYSE: AMC) on the weekly timeframe (1W) is currently consolidating within a critical accumulation zone, exhibiting clear signs of a structural character change (CHoCH) in favor of the bulls after adhering strictly to key historical support levels. Key Technical Highlights: Reversal Pattern (Rounding / Double Bottom): Price has formed a strong structural base above the long-term accumulation floor at $1.80 – $1.85, supported by notable volume spikes that strongly indicate institutional accumulation. Descending Channel Breakout: The stock successfully broke above the long-term primary descending trendline (green sloped lines) and is currently respecting the newly formed ascending channel. Successful Retest: Price completed a clean pullback and retest of the $2.20 – $2.40 pivot zone, offering an optimal risk-reward entry around current levels ($2.61). Trade Setup & Strategy: Entry Zone: $2.20 – $2.61 Target 1 (TP1): $3.57 (0.236 Fibonacci) — ~35% upside Target 2 (TP2): $4.29 (0.618 Fibonacci) — ~65% upside Primary Target (TP3 / Selling OB): $5.00 – $5.16 (1.0 Fibo Extension + Major Selling Order Block) — ~127% upside Stop Loss (SL): Weekly close below $1.85 (~22% risk) Risk/Reward Profile: Risk/Reward Ratio = 1:6 Fundamental Improvement: The company demonstrates a noticeable financial recovery and improved balance sheet metrics post-2020, providing strong fundamental backing to this technical reversal pattern. What are your thoughts on this macro structural setup? Feel free to share your perspectives in the comments! 📈