AMC
AMC this week got be good. Hedgies f , k after SI publicationlesgo amc les go amc.
This week, or we shalt have a skueeze by next month on the 20th.
Likely this week we can have a small inverse h/s but as said. idek xD. it would be good as a trigger and the hf are def capable of doing so.
AMC AMC not financial advice.
this is just for my personal records and gauging how my progress on TA is going.
Feel free to follow and like as I will be uploading further analysis on the algorithms controlling this stock.
allegedly supposedly
$AMC to $200 by December 10th, 2021This is my first time doing technical analysis. The notes explain my thinking (read them from left to right).
I'd love to hear some feedback, whether you agree or disagree, and to hear your predictions as well. Thanks for your time!
*My bad if I didn't format this right, this is my first time posting here as well*
Why AMC is going to 200$ than any other absurd price?Well, my thesis proposes the formation of a trend line on the primary supply for this reaccumulation cycle.
Thus, we can form a form of support which apparently coincides with the 0.5 fib retracement found on the previous rallies.
This imo is a very very very likely scenario.
I have added extra information within the graph itself for you viewers to look at.
God bless.
NFA
#AMC220
LFG
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@callmeroshi_
AMC 2-3x after $57 markTaking the fib retracement (indicator)
from the bottom to the top
you get the 0.618 GOLDEN RATIO @ about $27
- low and behold that's exactly where we found support
Taking the same indicator
from the top to that botton
will give us the GOLDEN RATIO (0.618) at about $57
- this is where price should test
thats about a 35% move to the upside
Now, taking the TREND BASED FIB EXTENSION (indicator)
from bottom to top to the Golden Ratio (0.618
it gives me my take profit levels
0.786 should be used in bear market
(but theres no such thing because the govt keeps printing
)
1.618 should be used in a bull market
in this case $144 is the 1.618
although it can go higher as meme stocks/wallstreetbets tend to do
1.618 plays it safe bc ya know....manipulation and endless printing of money
Q: but @Toro138 how do we know if we are in a bull market or bear market?
A: focus on the Weekly Time Chart and use the 20 or 21 Moving Average
if its over the line predominantly like it is now its a bull market
if its under we are bearish
If the big players are going to go in
these are the levels where they are going to play
Thanks everyone for the support -
if you would to see more like this
or have a particular graph of a stock/crypto in mind lmk
AMC weekly chart is supper bullish $3650AMC weekly chart is supper bullish $3650 is to be expected long term
Is GME ready to take off?In my previous analysis I discussed AMC.
GME looks to be in a very similar position as it is retesting a trend it hasnt visited since its last parabolic move to $500. It is also in a wedge and possibly a bull flag.
Anticipated moves for a bullish breakout range from $250(based on the base of the wedge) to $450 based on the last measured parabolic move. Which would leave us anywhere from $450-$650!
What do you guys think??? Let me know!
Could AMC be getting ready to take off to $100?AMC is very very close to breaking out of this ascending pennant.
It is in an extremely similar set up as it was before it broke to the upside from $10-$70.
Since that explosive move, price has not closed below $30 showing strong buying at this level.
The RSI has a very similar setup as well.
I expect a break upward to $100 with a possibility to reach $130.
($100 comes from a repeat of the $60 move and $130 comes from cloning the trend line from 10-70 and putting it at the apex of the current formation on the log scale)
AMC is also doing a lot of fundamentally bullish things too such as allowing crypto payments.
GME is also in a similar place on the charts, I will post that analysis next.
Let me know you guys thoughts!
AMC - BIG MOVE END OF YEAR? DOWN MIGHT BE GOOD?All,
I think we are finally ending the AMC pattern here hopefully by 2022. Either way I see this being a big gainer. There is without a doubt I think an untested $20 play with little volume traded above it that will essentailly send 70-120% gainer (stock). Upside break I think it would cause a retest eventually of high 60s-70s.
I personally like the downside move it will create huge volatility, AMC call IVs will be dead low etc. Just make sure to sell if you need to don't hold it once it breaks it will be a bad break. We have already tested these others lows so a (lower low) long term will send us way further down than before. Remember the reason AMC is afloat is (higher lows over longer time periods).
Other than these 2 big plays I see AMC less and less as a trade vs hold or long term options which at this point is really risky prior to the big move. The close it comes to the end the trading range will die off.
DWAC THE NEW AMCDont underestimate the big T man.
Looks very similar to AMC at 5 bucks in Feb 2021.
Wait for the proper entry and take it away homie
AMC moon soon?AMC has been forming a triangle for the past couple of weeks. Looking similar to the previous 500%+ pump. Taking the same candles and putting it in the future gives us an estimate of what would happen if history decides to repeat itself. Not a guarantee ofc but nice to keep in mind. Good luck traders!