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AMC - Week of June 17, 2024Its been a while since I published anything. I have been working on getting better at my skills and TA, just to be honest. Two years later and AMC looks attractive again. Why?... Well it derives from a bunch of degenerate cultist (like myself) who believe in the stock / company, the evolution of what we know as the theater industry, and same fractal patterns reoccurring. Oh yeah, and the correlation of GME and AMC being exact. So I will approach this PROJECTION (because thats all this is & NOT FINANCIAL ADVICE!) as a sympathy play to GME. See GME analysis on the next post. I begin doing a top down analysis. Here is the Monthly view on AMC. Currently price closed at 4.99 on June 14, 2024. lol Cant make this up! I simply see a Dumb Money sequel - Hedgies Getting Wedgies - Coming to an AMC theater near you. When we squeeze I see it AMC going to 174 - 154 per share price before it is met with great resistance and pulls back. Here is where the real test comes, we will see if with enough force AMC breaks this wall of Hedgies. Shall it have a blow the top off moment, it needs to stay above 195 to get to All Time Highs! I could be completely wrong and it goes to zero.... NYSE:AMC
NYSE:AMCLong
by AnthonyGarciaEth
4
AMC Gears Up for New 2023 All Time HighThe drop on AMC has reached the expected levels however, it surely took a detour from the expected itinerary which left me questioning the play all together. Reassessing the structure of the drop and now finding a bit of clarity, I feel confident to say that my previous prediction was on point for the most part and I now expect AMC to reach for new all-time highs late in 2023. Will possibly share updates within the comments of this post.
NYSE:AMCLong
by DigitalSurfTrading
5
AMC ready to fade. Too Much Big Short Money to OvercomeI like the theory of beating the Hedge Funds and their over capitalized naked shorts but the reality of the markets is that they exist to hurt us (the poor and middle class). I'm expecting a fake breakout sometime between now and Christmas, this will pull in a final round of suckers. then going into the new year, this will print a definitive new lower low on a ton of volume. The AMC Movie Theatre business fundamentals don't matter at all, this is a meme asset that is narrative and emotion driven only
NYSE:AMC
by noam_chom
24
$AMC: Long Target 24.64$⚡Inverse Head & Shoulders Pattern forming? ⚡Neckline resistance 13.5$ Supported by Ichimoku Cloud resistance ⚡Bearish Divergence on the MFI, watch for a bounce at the 5.85$ area (huge liquidity zone) ⚡To confirm the Inverse Head & Shoulders Pattern a break of EMA 1 resistance is needed (8.6$ along with EMA 2 resistance, 10$) ⚡Strong VPVR resistance to the 12$ level ⚡Target of the Inverted Head & Shoulders i 24.64$ measured from the head to the top of the neckline ⚡Confirmation of this pattern is once the Ichimoku Cloud is broken forming a right shoulder (engulfing volume) *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
5
$AMC: Breakout to 15$?⚡200 Weekly level mounted (huge resistance now became support) ⚡Support trendline held with a bullish engulfing + volume + bullish divergence on the MFI ⚡Golden pocket fib resistance ⚡Ichimoku Cloud broken ⚡VPVR support mounted at 9-9.7$ ⚡10.86$ resistance confirmed by 0.5 fib + VPVR node ⚡12$ resistance confirmed by 0.382 fib + VPVR node + Ichimoku cloud resistance at 11.5$ ⚡Moving towards the upper trendline which is located at the 15$ level *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
3
$AMC: Price Target 15.5$🔥Bottoming signal on monthly (4-month bottoming pattern consolidation) + Bullish MFI 🔥Monthly Ichimoku low confirmed as bottom followed by TD-Sequential 9 🔥200 Weekly Moving Average Resistance at 9.45 (This should be reclaimed due to the open interest at this level) 🔥Monthly resistance at 11.6$ confirmed by Ichimoku Cloud 🔥7.86 Fib retracement at 8.3$ confirmed by volume 🔥Price target 15.5$ (surpass 2.36 fib to retest resistance at 15.5$) 🔥VWAP broken o daily chart (Bullish signal) 🔥Vix Fix indicator strong bottoming signals on daily chart 🔥Watch for an engulfing amount of buying-volume 🔥VPVR support at 8-8.80$ 🔥VPVR resistance at 10$ confirmed by EMA - Ribbons *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
2
Break $72.62 and minimal target is $111If $9.70 is the low now and we can break $72.62 the price targets we can look at are below based off Fibonacci retracements. Fib levels are in brackets All time high (1) $72.62 Bottomed out (0) $9.70 To validate the price targets below AMC must breakthrough $72.62 In the previous cycle $72.62 was the 4.236 fib extension level taken from its previous cycle top and bottom. So there’s no reason why It can’t reach the 4.236 again. (1.618) $111.50 (2.618) $174.42 (3.618) $237.34 (4.236) $276.23 I do believe AMC behaves as in a crypto type cycle with bull run tops and bottoms. If you’re unfamiliar with Fibonacci extensions I highly recommend watching some videos and doing some research on them because they are pretty much the reason prices land where they do.
NYSE:AMC
by Cryptarded84
3