AMC
DOT Stoch RSI cross on Weekly (happens once or twice in a year)There is a very bullish setup occurring in DOT atm with the Stoch RSI crossing into bull momentum for the first time since July 2021... these weekly crosses don't happen often in a year.
Knowing that alt-season is likely about to progress and develop at a much quicker pace as it usually does in Q1-Q2 of any given bull year, DOT is probably one of the most undervalued pickups here since they have already fully launched Parachains. Expect more bullishness as projects continue to develop and as DOT ramps up transaction speeds. If you needed any clue on how fast DOT is even at these very early stages, it sends pretty much instantaneously already... much faster than about a year ago when I tested the speeds. They are capping the speed for now but soon we will see scaling as Dr. Wood and the dev team become more confident in their interoperability. KSM will do well too but DOT is severely undervalued here compared to larger cap coins. DOT could very well be $150-200B market cap by Feb/March 2022.
AMC Santa Claus rally Incoming?AMC is starting to break the descending channel that has been ongoing since the 16th of November (2021). AMC has been trading under descending resistance and descending support. That has pushed the price below the 200SMA which has made AMC enter a bear market. Right now AMC had a short term retracement to the high level of 26$-27$. Price does not want to get rejected at these levels. The price 26-27 remain strong support levels confirmed by volume. As of now AMC is looking to break the VPVR node which is located at 29.5-30$. That is a large resistance to break. Once broken witch a significant amount of volume and respected for a good amount of trading hours it will become a stong support level.
On the 2h Chart AMC is looking very bullish due to the fact that we have a bullish TK cross above the Ichimoku Cloud. This is usually a signal of a strong uptrend. As mentioned in my previous idea about AMC we are in a inverse head and shoulder formation. The right shoulder of the pattern is right now under construction almost at the finish line.
Next resistance from here will be the 200SMA + bearish OB (Orderblock) resistance at 32-34$ which could drop the price for a slight retracement back to 30$.
The MFI is indicating bullish divergence which means that AMC has started a potential reversal to the upside. It also looks like AMC has formed a good amount of support at 28.5$ which is a large VPVR node that needed to be broken today for AMC to enter a bull market. So far everything looks fantastic. I am hoping that AMC pushes to 32$ by the end of the year to put a lot of options in the money which will later push the price above the 200SMA and confirm a large upswing on AMC. The indexes are still looking strong (S&P 500, Nasdaq 100, US30) which will help AMC break resistance and enter a bull market after being bearish for over a month. In my opinion January is going to be an amazing month for AMC share holders.
My pricetarget of the inverted head and shoulders is still 40$ as mentioned previously if we break the 200SMA + the bearish OB which is at the neckline of the inverse head and shoulders.
*WARNING!* This idea should not be taken as financial advise. I am not a financial advisor.
Thank you for reading.
AMC last moments at 20'sI Got 2 scenerios for today either we go and test resistance around 34 and get rejected, close around 32. My other scenario is bold and bullish. In the other scenario I see us test 45 and close around 38. Its most likely my first scenario that will play out. I believe a test to 45 is coming tommorow if it does not happen today.
AMC 40$ incoming?Amc has been forming a huge inverse head and shoulders pattern. This pattern is very bullish. A breakout of this pattern could lead us back to 40$. AMC has a gap in the chart at 39$ which could be filled in the near future. The confirmation of this technical pattern is a break of the neckline which is on a very critical zone. We have the neckline resistance, the 200SMA and a bearish OB (Orderblock) all together at the neckline of the inverse head and shoulders. To confirm bullish activity a break of the neckline at 33$ would need to happen with a large amount of volume making the 200SMA, the bearish OB and the neckline of the inverse head and shoulders a strong level of support. A bullish TK cross above the Ichimoku cloud would also be needed to secure the trade.
At the current state the MFI indicates that a short term downtrend is forming. This could lead us to the lowest point of the Ichimoku cloud which is at 25.4$. That would complete the right shoulder of the pattern and would probably bounce the price above the neckline 33$. Once the MFI shows bullish divergence and is making higher lows with a signifficant amount of volume breaking the 200SMA and the bearish OB at 33$ it could lead to a big breakout. The options activity will be the largest factor of a breakout. If a lot of bullish options are in the money it will drive the price to higher levels. THE S&P 500, US30 + Nasdaq look bullish which is a good boost for the price of AMC. We are at the current state below a large VPVR node which is used as resistance at 29.5$. This level is strong resistance which pushes the price down once it is touched. AMC is also in the end of a downtrend which is very close of being broken. This downtrend is strong resistance. Once this line is touched we see large selling pressure confirmed by volume which drives the price to lower levels.
This technical analysis should not be seen as financial advice. I am not a financial advisor. The analysis is only for entertainment purposes.
Thank you for reading.
AMC: Turnaround! ↗️With entering the light blue zone, the AMC stock has theoretically reached a region where new surges are possible. However, we believe that the course will further decrease towards the area around $18.04. From there, our expectation centres around new surges past $52.79. A direct increase has a probability of 30% currently.
Already happy holidays!
LCID Lucid Group like AMC Entertainment in May Welcome to my extensive and detailed technical analysis of Lucid Group ( LCID ).
Lucid Group caught my eye because of its similarity to AMC Entertainment in May 2021.
A comparison I show at the end of this analysis.
This analysis is very extensive and detailed and I show several bullish formations in the most diverse time windows.
The following time windows are discussed:
Weekly Chart
Four hours chart
Hourly Chart
To each analysis there will be a linked idea, so there is the possibility to judge individual analyses retrospectively using the play button function at TradingView (timestamp).
Let's start.
1. weekly chart
In the weekly chart, we can see and project different bullish patterns.
As seen in this analysis, a W formation has formed (white lines), which is currently in a so-called retest.
This retest can trigger a correction phase that can continue to the Fibonacci lines 0.236, 0.382, 0.618 and maximum to 0.786.
Typically, corrections are made to 0.236, 0.382.
The formation becomes invalid only when the price falls below the lowest point of the W formation.
The target of this formation can be divided into three targets.
Target 1 measured from the middle high to the "neckline".
Target 2 measured from the Left Low to the "Neckline".
Target 3 measured from the right low to the "neckline".
Thus, the following price targets result from this formation: (purple lines)
Target 1 53.54 USD
Target 2 66.13 USD
Target 3 76.05 USD
What is exciting here is that the chart at 64.82 USD, similar to AMC Entertainment back then can form a Superior W Formation, with targets of: (Blue lines)
100.08 USD
112.49 USD
113.58 USD
If one takes the trend-based Fibonacci Extensions to the help, one can determine additional Max targets that could be reached with strong sustained volume, and according to Elliot waves could define the target of wave 3. The targets are here, at the following price values: (Yellow lines)
159.66 USD
214.49 USD
248.38 USD
2. four hours chart
In the four-hour chart, we can see an Inverted Shoulder Head Shoulder Formation, which has already reached its target of 41.41 USD.
An Inverted Shoulder Head Shoulder Formation is a sign of a trend reversal and hereby signals us the end of the correction phase that has lasted since 18.02.2021.
After reaching the target and a subsequent correction phase, the price very often rises back to the price target of the Inverted SKS (Superior Retest of the W Formation from the weekly chart) and continues the upward movement.
3. hourly chart
In the hourly chart, we see a Bearish SKS that has its target at 30.33USD. (0.382 Fibonacci area from the weekly chart).
Overarching the possibility exists that a harmonic pattern is formed ( Gartley Formation ).
The Gartley Formation is to be considered as a trend-following pattern and gives the following price targets from point D ( 30.62 USD ): (Blue lines)
Target 1 34.78 USD
Target 2 37.40 USD
Target 3 44.65 USD
All these formations give me personally a good feeling that Lucid Group has a lot of potential upside in the long term.
Finally, I would like to show you a comparison picture to AMC Entertainment, immediately after my analysis at that time, the price of AMC Entertainment rose impulsively to the current all-time high at 77.30USD.
If you liked this idea, I would appreciate a click on the Like button ;)
If you have any questions, suggestions or a different opinion, don't be afraid to use the comment function.
Thanks a lot
Disclaimer:
Please keep in mind that this is a pure analysis and only reflects what my eye shows me ;)
This analysis is for informational purposes only and is scientific in nature.
This analysis is not based on any fundamental data!
This analysis is not an investment advice and should not be considered as a buy, sell or hold signal.
Always do your own research before investing and seek the advice of a qualified person.
I am not an investment advisor or similar and do not make any investment recommendations here.
$AMC retracement to 27$ before the break of the 200SMA?AMC has seen a huge rally the past couple of days. This large movement got rejected by the 200SMA at the 32$ range. This is heavy resistance due to the fact that this level contains a bearish OB (Orderblock). The 3h chart indicates that AMC will remain in a bear market a short period of time due to the fact that we haven't gotten a single 3h candle closing within or above the Ichimoku Cloud. The Cloud is being used as resistance. I am looking for a retracement to the 26.85-27.75$ range to hopefully bounce the price and close a candle within or above the Ichimoku Cloud on the 3 chart. Todays dip was driven with low volume which indicates that people are holding their shares.
AMC also closed below a large VPVR node at the 29-30$ level which is seen as strong resistance. The MFI indicator looks to be overbought which could lead to some minor bearish divergence. I would be surprised if AMC bounced from here due to the fact that the there are no reversal signals. We could have a short term runup to get rejected by 29.5$ which could later lead to a deeper retracement. My hopes are that this retracement happens quickly so AMC can get out of the 20's and hopefully break the 200SMA at 32$.
26.8-27.8$ has been heavy resistance before the move to 20$ confirmed with a signifficant amount of Volume. A retest of the previous top (resistance) would be a healthy retracement for AMC. I personally have buy-orders set at 26.85$. If this zone doesn't get hit my order will be adjusted.
A safe entry for AMC would be a daily close above the Ichimoku Cloud and the 200SMA. When the 200SMA is used as support with large volume backed up by the MFI and the Ichimoku Cloud this would indicate that AMC is trading in a bull market. This would lead to the next bull-run up to the 50's.
Also keep an eye on the options. There are some interesting calls out there that could be driving AMC to a new uptrend. The days to cover are rising according to Fintel which could indicate that a short squeeze is near. The short interest of AMC seems to be above 20%.
This analysis should not be seen as financial advise. I am not a financial advisor.
Thank you for reading and feel free to give me your thoughts on AMC.
AMC Bounce! I'm using this chart since January 2021. Easy patterns apply in this market! Don't overcomplicate things, just rely on the technicals & some fundamentals. Also keep an eye on the option market. The recent spike on friday was predictable based on the put/call ratio.
I'm expecting the price to move towards the top of the bull flag. Everything beyond that is wishful thinking instead of predicting. We would like to see a higher high with a breakout of the bull-flag and a similiar situation as during the squeeze in january. Let's see if the buyers are able to continue with the momentum. This could lead to the retail market joining the party again.
GME Back on track as Omicron dusts settle down
!! NFA !!
As the Omicron hit the scene, hedgies piled up on shorts as a last ditch effort for bringing the apes down. Now that the Omicron dusts are settling down, people are back at it and price is currently on an up trend.
Our friends at AMC got rejected at 200MA on 24H chart today. I Predict the same scenario for GME to happen. At the current rate, we will hit the 200MA at around $180. This price area is a bleed area for shorts, as they will be once again under significant loss.
Genius brands multiple bullish signalsGenius Brands (GNUS) in a bullish descending wedge chart pattern with bullish stochastic & RSI divergence. This stock is currently shorted to the tune of 16.51% (47,084,674 shares).
Projected price of circa $3.42 (+190%) based on doubling of wedge height, excluding short covering and the infamous reddit armies involvement in driving the shorts into the ground!
Genius brands is one of the original 'meme' stocks of 2021 which trading was famously halted on during the GME short squeeze.