AMC Shares Can Continue To Rise: Pattern FormingTraders,
AMC shares stabilised and started to rise. The price is forming a good W pattern which means that it can go higher from the current level. For the bullish move, we can target the FCP zone.
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2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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AMC
Market Alpha Watchlist - ANYNASDAQ:ANY
This stock just recently did a direct offering to fund the purchase of cyrpto mining tools. That looked like it was going to bite them in the butt yesterday but with the flash sale and subsequent recovery, ANY might be a good choice as long as their is no funny business in regards to stock manipulation. Buyers are here and are interested in this stock.
My conviction on this stock comes from the option chain where we saw massive option buying take place yesterday on the call side.
Is this the silent before storm?AMC short-sellers opened 8 million new positions in the second half of August..!
Short Interest (Current Shares Short) 92,420,000 increase +8%.
Based on the trading volume, it takes less than 1 day to cover ..!
This time we may not see a bold rally!
September 17 is the Quadruple Witching and we will have the answer by then..! (8 trading days)
AMC we are in a uptrend but not Bullish as of nowAMC is in an uptrend but not Bullish, We are failing to break a wall for the last few weeks and it's currently a range bound and not 100% Bullish. 7% Move higher or 7% move lower should not be considered as Bullish trend or bearish trend confirmation.
The Meme stock AMC Market Analysis Hello everyone, as we all know the market action discounts everything :)
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The AMC stock has been gaining more and more upper momentum in the last few weeks, After the price dropped to $29.09 the market has been rising by the day, and the long and short term trends are both positive. This is looking good!
If we compare the yearly performance of all stocks, we notice that AMC is one of the better-performing stocks in the market, outperforming 98% of all stocks.
Scenario for the market movement :
The stock price is at 44.02 and it's trending near the support zone extended from 42.86 - 41.35 when the market reaches that zone we are gonna see a lot of Bull power that will try to take control over the market movement and it's going to push the price back up. The first target will be the resistance line at 45.39 and after hitting that and breaking out of it the Bulls will have their eyes on the Major resistance at the 50.95 level.
Technical indicators show :
The market is above the 10 20 50 100 and 200 MA and EMA but below the 5 MA and EMA. ( indicates that for the next few days the price will drop a bit then it will keep on going up)
The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between the MACD line and the Signal line.
The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between the MACD line and the Signal line
Daily Support & Resistance points :
support Resistance
1) 42.86 1) 45.39
2) 41.35 2) 46.41
3) 40.33 3) 47.92
Fundamental point of view :
AMC is expected to show quite a strong growth in Earnings Per Share. In the coming 5 years, the EPS will grow by 14.50% yearly.
The Revenue is expected to grow by 57.58% on average over the next 5 years. This is a very strong growth.
{{Not surprisingly, AMC Entertainment stock tops the list of trending WallStreetBets stocks. The company has been mentioned 313 times in the last 30 days although that number is over 50% down from the prior 30-day period. AMC was part of one short squeeze in February and another one in June.
The stock continues to have a high amount of short interest. However, as of this writing, the stock is firmly in the middle of its 52-week range and the stock price appears to be consolidating. The company did record a double beat in its latest earnings report. However, that has not appeared to change the sentiment of analysts who remain mostly bearish on the stock}}. According to MarketBeat
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.