AMC - Will the algos play in our favour?
Updated
As seen in the chart, we can mark out historic fractals that look to repeat themseleves over different lengths of time.
Fractal theory has been around for a long time now and no moonshot predictions have come to fruition. This is soely my own theory and should not be taken as finacial advise!
- AMC has shown strength in holding the bold white trendline support from the lows of 2021.
- AMC has regained an important support level in the 14.50 region.
- AMC continues to improve fundamentally, we should have good earnings this quater with the amount of high grossing films that have released. Also a good start on debt payment and investment in other companies.
- Retail is still strong and continue to support and hold AMC stock.
Blue fractal box includes our march spike up to 33$, i believe this is the same move as the january squeeze but we were pinned back.
We are now in the purple box which follows Feb - end of March 2021. After this we have a small pullback from which we experience our next run. This also lines up with my wyckoff analysis on lower timeframes where we look to be in a micro SOS. Im hoping we continue our momentum up to 20$ before a small pullback which would be BU/LPS. From here we can experience a pop like June 2021.
PROBABLY WRONG, NOT FINANCIAL ADVICE, ALL MY OWN OPINION!!!
Fractal theory has been around for a long time now and no moonshot predictions have come to fruition. This is soely my own theory and should not be taken as finacial advise!
- AMC has shown strength in holding the bold white trendline support from the lows of 2021.
- AMC has regained an important support level in the 14.50 region.
- AMC continues to improve fundamentally, we should have good earnings this quater with the amount of high grossing films that have released. Also a good start on debt payment and investment in other companies.
- Retail is still strong and continue to support and hold AMC stock.
Blue fractal box includes our march spike up to 33$, i believe this is the same move as the january squeeze but we were pinned back.
We are now in the purple box which follows Feb - end of March 2021. After this we have a small pullback from which we experience our next run. This also lines up with my wyckoff analysis on lower timeframes where we look to be in a micro SOS. Im hoping we continue our momentum up to 20$ before a small pullback which would be BU/LPS. From here we can experience a pop like June 2021.
PROBABLY WRONG, NOT FINANCIAL ADVICE, ALL MY OWN OPINION!!!
Note
Update, looking good!! Lets see how she goes! Expecting a pull back around the 37$ level if that is reached.
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