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AMC

AMC - APE stock splitSo AMC decided to do a clever trick and take advantage of the hype coming back into stocks and even meme stocks. Retail traders have taken a hit, with many retail-heavy companies like Gamestop, Coinbase and Robinhood, etc., taking massive hits. However, GME has been doing well, COIN doubled off its lows, and HOOD looks decent. As stocks are bouncing and the bull could be back, AMC decided to do an intelligent stock split by issuing new preferred stock they can sell. They named it APE, like the Apecoin, a popular NFT-related token, which could create a lot of hype around it. Essentially, it is a trap for retail to go and buy APE without hurting the price of AMC as much and allowing the company to raise the cash it needs. Last year, AMC dumped all of the company shares onto retail on the way up and raised 2B dollars that it has essentially spent and needs fresh cash as it still has a lot of debt. At the same time, they made this look like an airdrop, and it is like an airdrop, but one in which the company controls the majority of the shares. The company's price looks pretty good regarding TA, as it bottomed nicely. First, it had an 86% correction, which means the entire bubble popped, and there is no froth in the market. It retested some key levels and then reclaimed some key support levels. Since May, it has essentially been in accumulation mode, and today we had the confirmation of the breakout, as the market initially gapped down and then had a massive rally. In my opinion, this rally could last for a while, with the price increasing to 50-60$ before it goes back down again. It wouldn't be surprising if we saw the market go up for the next two weeks and top close to the date of the airdrop/split (22nd of August).
NYSE:AMCLong
by BitcoinMacro
Channel Breakout Example Really solid example of how channel breakouts often retest resistance AFTER resistance has already been broken. I like to think of it as testing the buyers and supply/demand zone to see if resistance can now act as support which would confirm another leg up as we see in Uber. Good rule to follow is to not enter trades as soon as they breakout from a channel as the trend reversal is not confirmed by anything yet. we can see multiple channel breakouts where price did not continue rising once the channel was broken. Volume confirmation (increaising volume with increasing price) is also important when identifying true breakouts, nice highs when lower than average volume is generally a sign of price disparity defined as divergence.
NYSE:UBER
by chartxzy
AMD Earnings UpcomingDepending on the markets reaction to AMD's earnings after the close today, we could see AMD show confirmation of a breakout from this downwards channel. Relative strength sitting at resistance levels in respect to historical "tops", looking to see if a breakout in relative strength can also provide confirmation after ER. Directional movement also positive. Negative ER reaction I believe would continue AMD back within its downward channel to look for support near $87
NASDAQ:AMD
by chartxzy
4
AMC Squeeze ProjectionNot sure if a 'kite shape' has ever come up in technical analysis but for the sake of meta we can just say diamond. I think we will run sideways until the half point is tested where we will get a breakout to ~100. After that, since it would be at the top of a rising wedge, we would see a slow consolidation to test the extended bottom trend (orange) where we will see a push to another high point where the squeeze should occur (summer 2024). If we breakdown, then its just wrong and I can see 5 being a bottom. I've been holding since Jan 2021 and plan to sell -if it works out- at 100 where I will wait for the end of the consolidation period where I will re-enter and hold for another year for capital gains (woohoo waiting!!) Ultimate sell target: $1,000.00 I know this idea is based off the Short Swap theory present throughout meme stock talk. I believe AMC and GME are the most profitable and I believe the short swap theory is true. When the economy crashes, people will look for anything going up. And when the shorts exit, amc and gme will be that ticket to big gains - the initial cause for the squeeze. The top is impossible to chart.. 1k seems reasonable to me. Good luck
NYSE:AMCLong
by W40kProfit
5
SPY Rejection: FOMC in the next hourDespite being positive on the day, we saw earlier price get rejected on the upper resistance trend line of our longer term downward channel. The gap up today was interesting, but I am curious to see how this plays out following the Fed decision. Since we have been declining from ATH's, this upper resistance trend line has shown multiple instances of rapid downward movement because of the trendlines significance. Fed decision may fill the gap up we created this morning. See related links to see the fuller picture and downward channel on a daily time frame.
SP:SPXShort
by chartxzy
3
AMC still going higher!AMC Short Term We look to Buy at 14.20 (stop at 12.69) Broken out of the channel formation to the upside. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected. Our profit targets will be 18.64 and 21.01 Resistance: 20.00 / 30.00 / 45.00 Support: 14.00 / 12.17 / 10.35 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:AMCLong
by Saxo
XELA ready for the next GME and AMC ?!?!?!Exela Technologies XELA $927 Million volume today reminded me of AMC Entertainment AMC and GameStop GME before they went parabolic! XELA has a Market capitalization of only 58.56 Million, while their earnings last year were $1.17 Billion. Exela Technologies is a business process automation corporation that provides industry-specific and multi-industry enterprise software and solutions to more than 4,000 customers spread across 50 countries and employs more than 17,500 employees across 23 countries. 52 Week Range $0.092 - $3.54. now: $0.132 $927,439,905 Volume Today! My price targets are $0.415 and $0.73 to be conservative. It can also be a buyout for a big tech company that wants those international clients. I think XELA is the next GME or AMC. Looking forward to read your opinion about it.
XLong
by TopgOptions
8