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AMC bulls are back in town AMC Short Term We look to Buy a break of 10.48 (stop at 9.53) The trend of higher lows is located at 10.33. 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 13.86 and 15.50 Resistance: 14.00 / 16.00 / 30.00 Support: 10.50 / 7.50 / 2.20 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
$AMC: 30$ Incoming?⚡Bottomed out on monthly Ichimoku Cloud ⚡Bullish Divergence on the MFI ⚡Bottoming signals on the Vix Fix Indicator ⚡TD-Sequential red 9 (Indicates bottom, more accurate on larger time frames) ⚡AMC needs to reclaim the monthly VWAP above 13$ ⚡Break the 14-16$ Resistance ⚡Break above 18.75$ (Monthly Ichimoku Cloud resistance) for larger moves ⚡Bullish Options Chain, hints for upside ⚡Break and hold above 14$ = Bull ⚡Reject the 14$ level = Bear *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
$AMC: Reversal⚡Bullish Divergence on the MFI ⚡Vix Fix strong bottoming signals ⚡7.86 Fib Retracement measured from the trend reversal candle (43$), this area stands as strong support confirmed by large VPVR node ⚡TD-Sequential red 8, often reverses the trend once spotted on larger time frames ⚡Big volume support trendline at 10$ ⚡Liquidity zone between 7.5-10$ (Strong support) ⚡A 3D close above the 7.86 Fib signifies the reversal ⚡Later on we have resistance at the 7.07 Fib (13.5$) confirmed by VPVR node ⚡Golden pocket Fib resistance at 15.8-17$ ⚡0.5 Fib + Ichimoku Cloud resistance at 21$ + 20$ ⚡Watch for a break of 14.64$ to confirm bullish price action ⚡Options Chain looking healthy, an upswing is possible at these levels *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
$AMC: Spike Incoming?⚡Possible retest of the 7.86 Fib (11$) Strong VPVR support, this would also test the previous 0.5 Fib which acted as strong resistance, confirming this support is a sign of reversal ⚡Golden pocket reistance 16.9-18.8$ Confirmed by VPVR ⚡23$ resistance confirmed by 0.5 Fib + Ichimoku Cloud resistance ⚡28$ Resistance 0.382 Fib confirmed by volatile candles ⚡34$ 0.236 Fib resistance + doubble bottom resistance, last time the 0.236 Fib controlled the upswing ⚡Strong Bullish Divergence on the MFI, could signify bullish price action ⚡TD-Sequential red 8 on downtrend, signal of reversal ⚡The Options Chain hints for a reclaim of the 14$ level ⚡Lower targets are unlikely according to the Options Chain *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
2
$AMC: Breakout to 21$ AMC has for the last couple of days been trading under a descending channel. This pattern has started from the resistance of 20$. As of now we are seeing a slight retracement because of the earnings. MFI is heading down which indicates that money is flowing out of AMC on the 1H chart. Earlier today we had a retracement to 17.55$. This level succesfully bounced the price. The 17.55$ level was slightly above the 6.18 Fib. It is possible that Fib level 6.18 gets retested (17.26$) to bounce the price. We could also see a retest of 16.5$ which is the bottom of the Ichimoku Cloud. That scenario is unlikely at the current state. We are still bullish on the Ichimoku Cloud due to the fact that we are still under a Bullish TK-Cross which indicates that the price will remain under an uptrend. As of now i am waiting for Bullish Divergence on the MFI backed up with volume and a red 9 on the TD-Sequential to ensure that AMC retests 21$. The 19$ level needs to hold. This level is a large level of resistance confirmed by the large VPVR node. Strong levels of support are located at 17-16$ confirmed by large VPVR nodes. We need to see a daily close above 19$ to remain bullish.
NYSE:AMCLong
by Patriick2jz
$AMC: On The Verge of a Breakout!As predicted in my last thread AMC made a retracement to the mid 14$ level. This level is significant due to the large VPVR node making it large support. This level has successfully once again bounced the price. This level of support has been respected for 1-1/2 month. Hopefully this is the last time we retrace to this zone. I am really confident in the fact that the 14$ zone will cause the recovery of AMC. The bounce of the 14$ level has caused bullish divergence on the CM_Ult_RSI which indicates that the price has a chance of rising higher. The MFI is on a downtrend which means that money is flowing out of AMC. The MFI should soon breakout to the upside which will cause the share price to increase. Last time we attempted to break the of 20$ level we got rejected by a TD-Sequential green 9 which marks the top of a trend. The price also got rejected by the descending trendline and one EMA Ribbon. This caused the price to retrace to the bottom of the middle trendline. This middle trendline caused a bounce confirmed by volume and bullish divergence on the CM_Ult_RSI + MFI. After this we pushed once again to the 19.3$ level which rejected us. This level is protected by a descending trendline and the EMA Ribbon. There is also a large VPVR node at the 18.8-21$ level which is being used as resistance. At the current state the price still wants to push to the 20$ level. For this to happen we will need support from the IWM and other indices. If these indeces push to the upside AMC will follow to the 20$ range. For AMC to remain bullish we need to see a daily close above 16.65$. After that we are ready to move towards the 18.8$ level which is protected by the VPVR and the EMA Ribbon. This move would also confirm the breakout of the descending trendline. We need to break out of the EMA Ribbon and the VPVR node located at 18.8$ with significant volume to confirm a valid breakout. After this AMC will most likely reject of the 21$ level which will cause a retracement to the lower EMA Ribbon. We could also wick below the EMA Ribbon to retest the trendline of resistance. A retest of the negative trendline would confirm it as support with heavy volume. After this a daily close above the low EMA Ribon should break the EMA Ribbon located at the 21$ range. After this 23-26-30$ should happen fast. By looking at the options activity i expect a weekly close around 16-18$. These levels have the most volume and open interest. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
1
$AMC: Gamma Squeeze (30$ Incoming?)AMC is finally ready for an upswing. Strong bullish divergence on the MFI + CM_Ult_RSI + Bullish TK-Cross on the Ichimoku Cloud. All these indicators are illustrating a possible trend-reversal. In addition, todays volume was almost 170 mil, this volume was last seen in August 2021. Most likely we will see continuation of this trend due to the fact this move is engulfing a significant amount of daily candles. We have managed to close above resistance at 18.8$ which is now a strong support zone confirmed by a large VPVR node. As of now we will be facing resistance at 21.68$ which is the 0.5 Fib. This level is also protected by a slight VPVR node. Later on we have resistance at the end of the Ichimoku Cloud (23.69$ which is also the 0.382 Fib. Once this level is broken AMC is free to rocket. Looking at the options chain we are extremely bullish. We have 126k Volume and 23.6k Open Interest at the 20$ level which indicates that this level has become strong support that is most likely going to hold the price. The 20$ level was before this move a significant resistance which has now turned into a strong support. We also have: 62.5k Volume and 4.3k Open Interest at the 21$ level which is also a level of significance. The 22$ level which has been acting as resistance has a total of 54.5k Volume and 8.2k Open interest. If these levels get broken a parabolic move is most likely to occur. The 25$ level has 51k in Volume and 7.5k In Open Interest which leads me to believe that we are going to see continuation of this bullish trend. The 30$ level is also loaded with 25k Volume and 5.2k Open Interest. Finally the 40$ level is loaded with 35.9k In Volume and 11.7k in Open Interest. Soon this options will start printing the price of AMC will rise. With all this said, a move to 25-30$ is very likely. Keep in mind that the options chain hasn't been this bullish for a really long time. What we need to see is to hold support above 18.8-19.5-20$ for continuation. We also need to see a daily close above 21.6$ to remain bullish. A rejection of this uptrend will most likely not happen due to the fact that the volume has engulfed 7 months of previous volume. Also make sure to checkout my related ideas: ($AMC: Slingshot to 145$) where we have broken out of a large symmetrical triangle. *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
$AMC: Breakout Is Near!AMC is beginning to look ready for a reversal. We had a rough retracement to 12.90$ before the price bounced back to 15$. We managed to close a daily candle below 15$ which was not a good sign at the time. This daily close means breaking the 200 Weekly Moving Average which is a level of significance. We also attempted breaking a large VPVR node on the chart 14.5-15$. If we saw a rejection at this level AMC would consolidate for a long time. Luckily we managed to reclaim the 15$ level which is a strong sign of reversal. We have also mounted the 7.86 Fib level located at 14.64$ which caused the price to bounce. As of now we are in a descending wedge which is a bullish pattern. A breakout of this pattern with an engulfing amount of volume would cause the break of the Ichimoku Cloud. In addition the price of AMC would totally reverse. The Cloud is protected by large VPVR nodes of resistance (16.15) (16.85) (17.23) (18.8). All these levels are levels of resistance which brought large selling-pressure to AMC. Once these levels are touched we get hit by selling-volume. The 16$ level is the 6.18 Fib level which needs to be reclaimed as support. The 0.5 Fib at 16.96$ will be strong resistance which needs to be reaclaimed as support to break the Ichimoku Cloud. Personally i am bullish on AMC due to the fact that support seems to hold up really well. A slight retracement to 15.26$ is a likely scenario to regain some buying-volume. The 15.26$ level is a large VPVR node which would be a healthy retracement. We have also seen a really good bullish reaction on the NASDAQ 100 which has caused AMC to follow. If we see a continuation on the NASDAQ 100 AMC should follow. The options chain indicated bullish activity last week which caused us to reverse from 12.90$ to 15.8$. The MFI is printing a really strong bullish divergence. This is a positive signal of an uptrend. Also, watch out for a bullish TK-Cross on the Ichimoku Cloud as the lines get close to each other. The price target of this descending wedge is a retest of 21$ which is a very likely scenario for the week. If we break the 21$ level we are ready to run! Before this move a reclaim of the 19.54$ level is important. We need to start closing daily candles above 19.54-20.50$ for AMC to see bullish price action. The volume is still low, watch for a volume spike to assure the break of this descending wedge. If this pattern is broken with little volume we are due for a retracement to 14.5-15.26$. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
2
$AMC: Huge Breakout Awaits AMC Stock!For the past couple of days we have had a lot of bullish patterns playout. The left chart is the 1h chart which i will present now: The falling wedge broke to the upside which caused a nice rally for AMC. Later on we formed a rising wedge which luckily broke to the uspide. As of now the price is consolidating in a symmetrical triangle that is ready to breakout. These patterns breakout to the direction of the trend. If the triangle higher-lows (support) is broken the triangle will break to the downside causing a large retracement. Personally i am of the belief that this triangle is going to break to the upside due to the fact that this movement is supported by huge volume and strong bullish divergence on the daily chart (Right side chart). The MFI on the daily chart is looking really strong ready to push us towards the Ichimoku Resistance which is located at 23.7$. If this level gets mounted as support and retested with heavy buy-volume the reversal of AMC is officially confirmed. Short-term we have also mounted the 0.5 Fib which is a level of significance due to it being hard resistance in the past. It also seems like we have mounted strong support between 19.7-20$ which is a good sign. Now we need to reclaim 20.5$ which is a large VPVR node. On Monday i am expecting a clean break out of this triangle. We also have a Bullish TK-Cross on the Daily chart below the cloud which is a weak buying signal that could indicate a trend-reversal. A close above 23.7$ basically confirms a quick move to 30$. If this happens we will most likely experience a gamma squeeze. The worst case scenario for AMC is breaking below this triangle which will make us retrace to the 7.86 Fib which is located at 18.4$. We could also wick below this level to 17.7$ which should bounce the price heavily. So far the options chain has been really bullish, hopefully we will see continuation. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
$AMC: Short Squeeze Update!Early in the day we got rejected at 34.3$ which is hard resistance. Support was later found at the 7.86 Fib (26.4$). Worst case scenario support 25.45$ (MA-4). Also confirmed by VPVR node. We have also established strong support at 27.3 (MA-1). 28.10$ is also valid support confirmed by the 6.18 Fib and a large VPVR node. MFI is trying to cool off, still on a strong uptrend. Volume seems to be fading away which is a good sign due to the fact that the selling pressure is weak. We are facing resistance at 29-30$ confirmed by a large VPVR node (.382 Fib) We also have a 9 on the TD-Sequential at the top of an uptrend which indicates that we are overbought. Right now we are forming a small retracement to continue the uptrend. Support needs to be held at 27.5-28$ to break 30$. We need this day to close above 30$ to remain bullish. Options chain is looking promising. 52k Open interest at 40$ 18.7k Open Interest at 30$ 31.6k Open Interest at 35$. Once these options begin to get ITM price should climb back up. *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
$AMC: Squeeze Update!⚡15$ Support confirmed by VPVR node + golden pocket retracement + 200 week sma + 2 trendlines of support (Previous resistance) ⚡MFI breakout could lead to a massive rally ⚡18-20$ resistance confirmed by VPVR node + resistance trendline + 0.5 Fib ⚡23.5$ Ichimoku Cloud resistance ⚡0.236 Fib resistance needs to be broken for bullish price action ⚡Worst case scenario should be 9.45$ (Huge VPVR node) + 7.86 Fib support ⚡Break 34.46$ double bottom (previous support) strong resistance. Once this level is broken a squeeze could occur. ⚡If AMC breaks the 200 week sma i wouldn't expect any significant price action for months ⚡Watch for a spike in volume at these levels ⚡AMC is ready for new ATH once the weekly Ichimoku Cloud resistance is broken (40$) ⚡Options looking bullish, lower price targets are less likely *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
4
$AMC: Squeeze On Earnings?⭐Bullish Descending Pattern for over 9 months (Target of this pattern is 72$) ⭐Bottom trendline support bounced the price 4 times with significant volume (Previous1400% gain, strong level of resistance) ⭐Strong bottoming signals on the MFI (Last time this happened a 1400% move occurred ⭐14.8$ Support confirmed by VPVR node + 7.86 Fib + Trendline + Volume ⭐A break above 20$ (Ichimoku Cloud + multimonth consolidation zone resistance + large VPVR node) should lead to a large spike in the price of AMC ⭐24$ Ichimoku Cloud resistance needs to be broken ⭐0.5 Fib (31.8$) Resistance, once this level becomes support the options chain should push the price to higher levels ⭐If a daily candle is closed below the Ichimoku Cloud with a significant amount of selling Volume the squeeze will be delayed (We need daily closes above 16$) ⭐I am of the belief that this is the bottom due to the trendline support + the bullish divergence on the MFI ⭐By looking at the Options Chain a move below 16$ is highley unlikely *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
2
$AMC: Bullish Reversal Incoming?⭐4H chart huge falling wedge ⭐Target of the falling wedge is 34$ ⭐7.86 Fib level mounted as support (17.5-17.3$) ⭐20$ Resistance confirmed by EMA Ribbons and large VPVR node on the daily chart + 4h ⭐4H MFI bullish divergence, primed for a large bounce ⭐Strong bottoming signals on the daily chart, TD-Sequential red 9 + Vix Fix indicator. We barely wicked below the Ichimoku Cloud which is bullish. A daily close below the Ichimoku Cloud is bearish. ⭐Descending Volume while price consolidates is bullish ⭐Break and hold above the daily Ichimoku Cloud = Bullish ⭐Right now a daily close above 18.5$ is needed to confirm the bottoming signals ⭐Options chain looks bullish, a weekly close above 20$ is likely. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
$AMC: Make Or Break⭐AMC is in a huge falling wedge starting from 30$ ⭐Breakout of the falling wedge give us a target of 30$ + ⭐17.5$ Support needs to hold with significant volume ⭐MFI strongly oversold (Bullish Divergence, icoming?) ⭐Volume is lower than before while price is dropping (Bullish) ⭐Vix Fix Indicator strong signal of a bottom ⭐Ichimoku Cloud is green, which could indicate that price is about to make a reversal ⭐Break below 17.3$ (Daily close below) = Bearish ⭐Ichimoku Cloud support 17.3$ needs to hold with significant volume ⭐50K Open interest at 60$ (When 34$ is broken AMC should start running) ⭐Break 20$ (23.5k Open Interest and gamma will start having a positive effect on the price of AMC)
NYSE:AMCLong
by Patriick2jz
1
$AMC: Really Important Day!⭐20$ Support must be held (Ema Ribbon support), previously this level was a huge level of resistance causing a 3 month consolidation. 20$ is also a large VPVR node that needs to be respected for bullish continuation. 20.9$ is the 7.86 Fib which is a good long term retracement zone. ⭐TD-Sequential red 9 which often indicates a bottom ⭐Looks like the MFI is forming a bottom ⭐Bearish TK-Cross on the Ichimoku Cloud (Bad Signal) most likely if the 20$ level holds this should be ignored ⭐We are retesting the large bull flag. This retest must hold as support ⭐For bullish continuation we need to see a good bounce with a significant amount of volume and a daily close above 23$ ⭐Daily close below 20$ is going to be bearish (Highly unlikely scenario) ⭐Options Chain looking bullish, lower levels barely have any Volume or Open Interest *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
$AMC: 30$ Incoming?⭐Bottomed out and closed above the Ichimoku Cloud (22.7$) and we succesfully mounted the long term retracement zone (.786 Fib) ⭐Short term resistance levels, 23.5$ (Ema Ribbon) 24.4$ (EMA Ribbon) ⭐Watch for a break of the 0.5 Fib (25$) with good volume ⭐1H chart bullish divergence on the MFI ⭐Vix Fix bottom signals on 1h confirmed with buying pressure ⭐1H falling wedge pattern ⭐Red 9 on the TD-Sequential (Downtrend completed) ⭐Green 1 on TD-Sequential (1H) Beginning of an uptrend ⭐Breakout of the falling wedge (Could send us to 30$) ⭐Worst case scenario 20.5$ EMA Ribbon support *WARNING* This thread is not financial advice. I am not a finacial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
AMC Back to the Moon? AMC Short Term - We look to Buy at 21.31 (stop at 17.60) Preferred trade is to buy on dips. 50 1day EMA is at 20.00. We have a 61.8% Fibonacci pullback level of 21.09 from 12.90 to 34.41. Trading volume is increasing. Previous resistance, now becomes support at 21.00. Our profit targets will be 34.41 and 43.15 Resistance: 30.00 / 35.00 / 40.00 Support: 21.00 / 15.00 / 10.00 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
$AMC: Huge Rounded Bottom! (TARGET 47$)A huge rounded bottom has been spotted on AMC. ⭐Neckline Resistance (30$) The 30$ level is a huge level when it comes to options. 33.5k Volume and 21k Open Interest. ⭐Short term rejection (25.35-26.5$) 7.86 Fib (25.35$) ⭐This rounded bottom pattern is valid due to its touchpoints being supported by large buying-volume. ⭐Once 30$ Is broken we face resistance at 33-34$, 36-37$, 38$ 40.5$, 42$, 44$ ⭐The weekly options remain bullish (35$, 20k Volume and 25k Open Interest) (40$ 26.4k Volume and 58k Open Interest) ⭐Weekly close above 30$ signifies continuation. ⭐A Green 9 has been spotted on the TD-Sequential, this is hinting for a retracement (Normally 1-4 Candles) ⭐Watch for a break of the neckline (30$) with large volume. ⭐The target of the rounded bottom is 47$. *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
10