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AMC squeeze target this weekwe started our squeeze the moment we broke from our ascending line on the 22th of march at 17.77$, yesterday we tested our resistant at 25.50$, and we got rejected with 2h candle, then over come it, now it's out support the 25.50$ , we need to hold above it to confirm the bullish conniption till the 33.87$. the 20.80$ should be the last support or bottom for us , cause any price drop below , will confirm a sell off, and end to our bullish momentum. a bonus in TradingView coins (up to 30$) tiny.one
NYSE:AMCLong
by TRADING-JESUS
1
$AMC: Slingshot to 145$AMC has been trading under a deschending pattern for almost a year. This pattern has sent AMC to the largest VPVR node at 14$. AMC has not managed to close a daily candle below 14$. This is a good sign due to the significance of this large VPVR node. The 14$ level is the largest zone of liquidity that needs to be respected for the bullish continuation of AMC. If the 14$ level breaks which is highly unlikely we will consolidate and reject of this level for a while. This would delay the trade significantly. This possibility is highly unlikely and will most likely not take place. This descending pattern we are trading under is a bullish pattern which has caused the previous run-up of AMC. The support trend-line of this pattern has 8+ Touchpoints confirmed by buying-volume which makes it valid support. The trend-line of resistance has more than 5 toucn points confirmed by bearish divergence on the MFI + CM_Ult_RSI + the selling volume once this negative trend-line is toutched. As of now the support-trendline of this pattern is located at the 7.86 FIb which is a good long term retracement. Currently we are finding resistance at the 20-21$ level which is confirmed by the VPVR, bearish divergence on the MFI + CM_Ult_RSI. This resistance is also confirmed by selling-volume and the 6.18 Fib. Once this level is broken it will become strong support which will cause a parabolic move for AMC Stock. The VPVR is illustrating a large volume gap above the 20-21$ level. 20-21$ is a large point of resistance which has been respected and confirmed by selling volume. Once 20-21$ is broken we should instantly move to 26$ hold above and have a breakout to 30$. AMC also had a positive Q4 which is really bad for owners of short-positions. This earnings-report can cause the reversal of AMC. The MFI + CM_Ult_RSI have been displaying a descending pattern on the 3D chart. Once this pattern breaks AMC could go parabolic. The CM_Ult_RSI fired a buy-signal at the bottom of AMC, since then this indicator has been displaying higher-lows and a strong bullish divergence. Once the descending pattern breaks on the CM_Ult_RSI Amc will most likely break 21-30$ easily. Another thing to note is that the selling-volume is being faded away. Short sellers are not strong anymore. I am soon expecting a large bullish Volume Spike to engulf the previous bearish volume. At the current state a retracement to 14$ would be unlikely. The most activity on the weekly Puts on AMC are located at the 17-19$ level. This is most likely where the week will be ending. The most activity on the options chain by open interest and volume is located at 17-20$ which is most likely going to be the trading range of this week. We also have 8000 in open interest for 40$ which looks interesting. This could be hinting for a large breakout of the descending pattern. My price target remains to be 145$. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
10
$AMC: The Ultimate Battle of 21$It was a long time ago AMC closed a daily candle above 20-21$. This level is significant because it is currently holding us in a downtrend. The last 2 trading-weeks we have formed a double at the 21$ level which has caused a retracement to the largest VPVR node 14.90$. This level bounced the price once again and support was held. We have successfully broken the resistances of 16.6-17.7$ and turned them into support levels. As of now i am expecting 17.7$ to hold as support to help break the 21$ level. The 21$ level is a confirmed resistance by the double top pattern, green TD-Sequential 9 on the 1H chart, the basis of the Donchian Channels on the 2D chart and the large VPVR node that is found at this level. A break of this level will confirm the ultimate reversal of AMC. If the 21$ level breaks with an engulfing amount of volume we will eventually make the push towards 30$. Once this happens the 30$ Options will start printing which will cause a rally to the upside. There are significant gaps on the VPVR which indicates that the reversal of AMC will be easy once broken out of 21$. The MFI also hints for a strong bullish divergence which could indicate that the 21$ level will most likely be broken this week. Tomorrow AMC has Q4 earnings. AMC will most likely beat Q4 which could cause AMC to rally. If the S&P 500 + other indices help we will see the ultimate reversal of AMC back to the 30$ range. The most options activity for the week is to be found at 18-25$ level which will most likely be the trading-range of this week. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
$AMC: Huge Potential of Upside!The market has been wild for the past couple of months. The economy is looking really bad which has caused the S&P 500 + other indices to retrace. This has brought selling-pressure to AMC causing it to trade in a large downtrend. Finally this downtrend has been broken. We made a quick push to get rejected by the 21$ level. This is a significant level for AMC due to the fact that we double bottomed at this level in December. The 21$ level is a large level of resistance confirmed by VPVR and selling volume. In addition we also had a green 9 (daily chart) on the TD-Sequential hinting for a retracement. As of now AMC has made a deep retracement to the 7.86 FIb level. This level is a healthy long-term retracement. We have now confirmed a doubble bottom at this level. The VIX-Fix on the 4h chart indicates that we are at or near a bottom. Bullish Divergence is visible on the MFI which leads me to believe that AMC will have a retest of the 18$ level. The level of 18-20$ are large levels of resistance confirmed by the VPVR and the selling volume once reached. We also have a red 8 on the TD-Sequential on the 4h chart. The significance of the TD-Sequential on the 4h chart can be displayed while looking at previous trading days. Once a red 8-9 appears it indicates a bottom. The volume is also starting to pick up which is a good sign of reversal. For AMC to remain bullish we need to see a 4h close above 16.73 confirmed with good volume. We have to establish strong support at the 16$ level beacuse it is a large VPVR node. The EMA Ribbons are used as resistance at the 17-20$ level. When these are established as support AMC will look amazing. AMC also has earnings in 5 days. This could get the stock price to increase significantly. The earnings are estimated to be positive which could be really bullish for AMC. If AMC beats earnings and the S&P 500 + other indices rise AMC will follow really well. Looking at the options chain AMC will most likely be trading around 15.50-20$ this week. The most open interest is located at 20$ which is a good sign. Lower price targets are not in the cards for AMC by looking at the options chain. Most likely the week will close at or well above 16$. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
4
$AMC: 600% Gains Incoming!AMC has had a wild week. I managed to open a long position on 14.85$ which was basically the bottom of AMC. Since that we have broken this large descending wedge. This break is confirmed with a large amount of volume. This volume was significantly larger than previous trading days which is a good indication of bullish action. As of now we are in the making of a Bullish TK-Cloud below the Ichimoku Cloud on the daily chart. Last time this happened was before the run-up of May 2021. This movement was around 600% from the TK-Cross. A confirmation of this TK-Cross is made when AMC closes a daily close above 20$. This needs to happen with 100M Volume + to be confirmed as a valid move. This will cause bullish calls to get ITM which will bring bullish price action to AMC. We also managed to mount a strong support level at 18.2-18.4$ level. This level is supported by a massive VPVR node. This level was previously being held as strong resistance. This level has now turned into a support. On the micro time frames this level has been respected with significant volume. A break of this level will make AMC retrace to lower levels once again. Personally I have confidence in this level due to the fact that it has bounced the price throughout the day. We are also overbought on almost all of the Micro time frames. This could cause AMC to retrace to the 7.86 Fib which is located at 17-17.2$. This would be a quick move which should bounce the price above the large VPVR node at 18.2.18.4$. This retracement could happen to cool down the MFI which has been increasing a lot. One thing to be aware of is the emergency fed meeting on monday. This could cause the market to retrace which would make AMC follow the downrend. If the fed meeting is a "relief" for the investors the indices should be fine and bounce. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
$AMC: Rocket Ready to Launch!On the 3D chart of AMC we are forming a red 9 on the TD-Sequential. This finishes in 2 trading days. We can wick below the 14$ level to grab more liquidity. Although buyers seem to appear at this level. This is supported by the large VPVR node that is located at 14.5-15$. MFI is in a downtrend that has a tendency of breaking out. We are mounting the .786 Fib which is a sign of strength. A close below 14$ would be really bad and it is most likely not going to happen. For the upswing we need to see a clean break of the 18$ level. This is a large level of resistance confirmed by a trendline that consists of 11 touch points making it valid. We also have a negative channel building resistance at 20$ with 5 touch points making it a valid pattern. The 18-20$ level are large nodes on the VPVR which indicate that there is a lot of selling pressure to be found at these levels causing AMC to retrace. These levels are really important to reclaim for the reversal of AMC. A break above 20$ with a significant amount of volume will be a great sign of reversal. Last time we had a red 9 on the TD-Sequential AMC had a rise of 80%. If this occurs once again the options activity will become crazy. A lot of bullish options will get in the money which will help AMC to break this insane downtrend and reverse. Most likely the pain on AMC is over. A lot of reversal signals are to be found in this chart. A break of 14$ is not a likely scenario. We will have to check what the options look like mid-week to be able to predict the price of AMC. Options below 14.5$ have really low open interest and volume which is a good sign that AMC wont break this strong support level. The only thing keeping us down is the overall market making large retracements which brings selling pressure to AMC. When the S&P 500 becomes stable and starts reversing AMC will follow. *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
4
$AMC: Bullish Inverted Hammer Should Cause a 50% Bounce!A bullish inverted hammer has been spotted on the weekly chart of AMC. This candlestick pattern is known to be a signal of reversal. Following with a red 9 on the TD-Sequential indicates that we are near or at a bottom. AMC is at a oversold state and is set to bounce. We are also at the bottom of the Donchian Channel. This indicates that a large reversal should be near. Everytime we are at the bottom of the Donchian channel AMC finds a large amount of support causing a 50% bounce. For me it would be really weird if this bullish inverted hammer failed to reverse the price of AMC. This candlestick pattern is really reliable and tends to reverse the trend of a stock, especially if located on larger time frames (weekly chart). To support this we are also seeing bullish divergence on the MFI making higher lows. The week also closed above the large VPVR node located at 14-14.5$. This level is important to be held as support. A daily close below this level is going to delay the upswing of AMC. Volume also seems to be increasing which is a sign of strength. If every index is strong throughout the week i am expecting a quick move to 20$ which will cause AMC to go wild. We also need to see bullish options activity to help AMC reach higher levels. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
4
$AMC: A Breakout of This Downtrend Will Send AMC to 45$Today AMC managed to make a large move to the upside testing the high 18's. AMC is most likely going to have a retracement to 16$ to close the premarket gap. This doens't need to happen but it could be a likely scenario. The 18$ range has become a large resistance confirmed by selling volume and a large VPVR node. This resistance is also confirmed by the MFI which is displaying bearish divergence once the 18$ range is being tested. This level of resistance is also confirmed by the Ichimoku Cloud. Today we almost got a bullish TK-Cross on the Ichimoku Cloud but we didn't make it. The 2 chart displays a slight retracement by the rejecting MFI and Ichimoku Cloud and the candlestick formation being a one-body candle which often indicates a beginning of a new downtrend. Watch for 16.6$ to be a strong level of support. A daily close below this level will cause AMC to consolidate. We almost broke out of our largest downtrend that has been forming since early november. This trendline has been touched 5 times making it a strong level of resistance. These pattern are bullish and once a breakout is confirmed it will send the price back to where it started which is in this case at the mid 40$ level. AMC also managed to break above a short term downtrend which is a sign of strength. A close above 18$ will indicate the new uptrend of AMC. One good thing to note is that volume is starting to pick back up which could mean that institutions are loading up long positions. The options chain indicates that AMC will trade within 17-20$ for this week. We have 37k Volume + 12k Open Interest at 18$. We also have 40k in Volume and 13k Open Interest on at 20$. The option activity below 17$ is very poor. That makes a daily close below 17$ less likely. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
$AMC: Don't Miss This!AMC seems to have bottomed out at 13.40$. The market was very slow at the start of the day. Although it caught up at the end of the day. This caused AMC to retrace to 13.40$ before bouncing to 15$. The TD-Sequential displays a red 9 on the weekly chart. This means that AMC is at a very oversold state. If the market starts recovering, so will AMC. The weekly MFI is showing bullish divergence making higher lows. 13.40$ was below the large VPVR node which is located at the mid to low 14$ area. A close below this VPVR node would eliminate AMC and cause a large consolidation. Luckily we managed to close above this VPVR node which indicates that AMC is still bullish. We also managed to close above R1 which is a strong level of support. Next week i see AMC retesting R2 (Block of resistance) which is supported by little VPVR nodes. If the market bounces AMC will break these levels and start trading back in the 20$ range. For the reversal of AMC to be confirmed we need to close a weekly candle above 22$. This will engulf the previous bearish candles and put us one step closer in to bullish price action. The weekly volume was bearish and it managed to engulf 5 weeks of trading. For next week i am looking for this volume to be eliminated by buying pressure. A confirmation of bullish price action is a break of the R2 block which is located at the 20-23$ level. This move needs to be confirmed with a large amount of volume. From a technical standpoint this could be the end of the bear market. We have had 10 weeks of havoc and we still managed to close above the largest VPVR node confirming it as a support level. I am still bullish on the stock and hoping for upside. Most of the options activity by volume and open interest is located at 15-20$. Most likely we will trade within this range. If the markets perform well these levels are going to be broken causing a rally for AMC Stock. We need to push to higher levels so that bullish options get in the money which will cause an upswing for AMC. If the market recovers next week i am expecting AMC to teleport to the 20$ range once again. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you reading!
NYSE:AMCLong
by Patriick2jz
The Ultimate Reversal of $AMCThese last 2 months have caused a lot of uncertainty for stock holders on the market. This has caused shareholders to exit their positions due to fear of losing capital. The stock market has had a large retracement that is now about to reverse. In approximately 1h we have the Fed meeting. This meeting is going to be crucial for the stock market. If we get bullish news the stock market should see a large bounce. I am expecting AMC to follow this reversal. As of now AMC has been trading in a descending channel since the 8th of November 2021. This pattern is very bullish and is set to break out very soon. On Monday AMC made a retracement to test liquidity at the 14$ level. This level was the breakout level in May 2021. Old resistance becomes new support. This 14$ level bounced the price a signifficant amount with good volume making it reliable support. This level was also the .706 Fib level if measured at the breakout level of January 2021 at 5$. At the current state i am not expecting a further retracement. AMC will in my opinion trade far above 14$ per share if the Fed meeting turns out in our favor. A slight retracement to 16.64$ might happen to confirm it as support. If we close daily and 4h candles below 16.64 i am expecting AMC to turn bearish again retesting the high 15$ range. A close above 17$ is a good sign of a bullish reversal. The TD Sequential is printed a red 9 at the 18$ range indicating that this level was the bottom. The TD-Sequential is printing a green 1 engulfing the previous candles. This is an indication of an uptrend. This move is also confirmed by the MFI consistently making higher lows. A short term resistance level is the 18$ level confirmed by a large VPVR node. We also managed to establish strong liquidity at the 16$ range (confirmed by a VPVR node). We also have resistance at 20$ (confirmed by a VPVR node). A break above these levels need to happen quickly so that we reclaim these important levels. I also noticed that the volume keeps engulfing selling volume which is a bullish signal for a potential reversal. If we got an engulfing selling volume at these critical levels i would be bearish on AMC stock. AMC also printed a bullish hammer on the 4h chart + the daily chart. This has caused AMC to close above that candle. This is a sign for a bullish reversal. If AMC closed at or below the bullish hammer it would be bearish causing the stock price to plummet. The largest confirmation of this bullish reversal would be a 4h TK-Cross on the Ichimoku Cloud. This movement would have to be confirmed with a signifficant amount of volume. As long as the Ichimoku Cloud is being used as resistance AMC will remain trading under a bear market. Looking at the options chain there is 25k Volume and 7k Open Interest at the 17$ level. We also have 40k Volume + 8.5k Open Interest at the 18$ level. At the 19$ level there is 21k Volume + 11k Open interest. We also got 33k Volume and 13k Open interest at the 20$ level. This options chain hints that AMC will be trading at or above these levels to keep these options in the money. The 14-15$ level are unlikely to be revisisted due to the fact that these options do not have a lot of Volume and Open Interest (3.7k Volume, 2.8k Open Interest, 15$). If the Fed meeting goes well my conservative price target of the week is the 22$ level. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
3
The Rise of AMC! (HUGE UPSWING LOADING!)AMC has been trending in a descending channel with descending support and resistance. This channel was formed on the 8th of November 2021. The descending formation is valid due to the fact that we get selling pressure once the line of resistance is toutched causing a dip with bearish volume. The lower lines are levels of support. Notice the fact that these lines tend to bounce the price for AMC to hit resistance. As of now AMC has filled the gap at 16.50$. This level caused AMC to bounce all the way to almost an 18$ close. That level of support is valid and supported by a good amount of bullish volume. The daily volume engulfed the recent bearish volume which is a bullish reversal sign. We also wicked below the .786 Fib which later caused the price to have a short term bounce and we managed to close a daily candle above this Fib level. The bad thing about this is the fact that the S&P 500 dropped signifficantly at the end of the day bringing selling pressure to AMC. We need to start pushing back up to the 20$ range which is a large VPVR node that indicates resistance. This level needs to be reclaimed as support to keep AMC moving to the upside. If all of the indexes are strong AMC should follow nicely causing a pretty decent upswing. Currently we are bearish due to the fact that we are trading below the Ichimoku Cloud and the 200SMA. I also noticed the fact that the MFI is at a really low level. Last time the MFI was this low AMC had a nice 50% upswing before being rejected by the 200SMA. The minimum price target of this descending channel is where it started which puts us at the mid 40$ range. There is also a slight possibility that we see a short term retracement to the 14$ range. This level is the largest VPVR node which would be the strongest level of support on this chart. A touch of this will make AMC bounce 5-15$ on the same day. A retest of this area would occur if the markets see a continuation of the current downtrend. Bad news on the FED meeting could cause the stock market to continue the bearish trend which could lead AMC to 14$ causing a massive spike in the price to the upside. I am not of the belief that this is going to play out due to the fact that the daily MFI is already really low. We also got an engulfing bullish volume on the 21st of January which eliminates all of the previous selling pressure. Looking at the options chain we have a lot of volume and open interest at the range of 18-20$. Most likely AMC will be trading in this region if the stock market doesn't bounce. Closing daily candles above these levels will cause bullish options heading in to the money which will cause the uptrend of AMC. There is a good amount of volume and open interest at the 25$ range set to expire on the 28th of January. Hopefully we reach this level so that we begin a new uptrend. A confirmation of the AMC bull run will be if we see a bullish TK-Cross above the Ichimoku Cloud with a large amount of buying volume and the MFI making higher lows. If the market starts to recover this week i am expecting AMC to retest the 22$ range. A break of this level and a daily close above 23$ will put us in a good position for an upswing. As mentioned in the previous thread my long term conservative price target of AMC is 145$/share. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading!
NYSE:AMCLong
by Patriick2jz
4
AMC 600% SWING INCOMING? (TARGET 145$!)AMC has been having a weekly bearish trend since the june run-up 2021 which saw its stop at the 70$ territory. As of now we are trading in a huge bull-flag which is a bullish reversal pattern. A breakout of this bullish pattern would cause AMC to go wild. For this breakout to be valid it has to be confirmed with an engulfing volume. The trading volume needs to close above all of the bearish volume to be sure that a big move is on the way. At the current state we are trading below the 200SMA and the EMA Ribbons are used as heavy resistance. Once the EMA Ribbons are toutched we are receiving bearish volume which creates bearish divergence on the MFI and causes the price to plummet. The weekly chart is looking very promising due to the fact that we are seeing a red 8 on the TD Sequential. This indicator has been very accurate on the weekly chart of AMC. Once these numbers are displayed on AMC it often causes a large swing in the price to the upside. The TD Sequential red 8 i am looking at is the previous level of AMC which is marked with a green arrow (before the huge run up). At that current moment we had "dead volume". The MFI was in a large downtrend which is identical to the current state of AMC. By viewing this i am getting a clear insight of how the stock is going to move. I am of the belief that a large run up is getting very close. It is going to be unexpected for a lot of people. It will cause a shock in the market. This upswing could come out of nowhere. I also did a Fibbonacci measurement from the old red 8 (old bottom of AMC) to the new top (72$). This indicates that the price has room to go to a minimum of 145$. At that level we will face a lot of resistance due to the golden trendline. Last time weekly chart displayed a red 8 AMC 600%. The only thing stopping us right now from reaching higher levels is the current option chain that expires Jan 21 (2022). We have heavy options in the money with a signifficant amount of open interest holding the price of AMC in a bearish territory. If AMC manages to close the week above 21$ these options will be useless and the shorts will be screwed. Once the bullish 40$ and mid 30$ options with a high open interest start getting in the money we will break the EMA Ribbons and the 200SMA and then AMC will go to the moon! LFG APEARMY! *WARNING* This thread and analysis is not financial advice, i am not a financial advisor. Thank you for reading!
NYSE:AMCLong
by Patriick2jz
7
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.
NYSE:AMCLong
by Patriick2jz
8
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.
NYSE:AMCLong
by Patriick2jz
$AMC retracement to 27$ 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.
NYSE:AMCLong
by Patriick2jz
2