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AMC is the sell-off imminent? Harmonious Gartley + Elliot wave German translation below Symbol / name of the stock / time frame / trading place / currency / precision --------------------------------------------------------------------------------------------------------- AMC / AMC Entertainment / daily chart / NYSE / USD / 1/1000 --------------------------------------------------------------------------------------------------------- Notice. All texts as well as the notes and information in this idea do not represent any investment advice or recommendation to buy or sell securities according to (§ 85 WpHG). Expressly again no buy / sell or hold recommendation no investment advice or the like. You bear the sole risk for your actions. As the name already says this is only an idea on my part the expressly not to the imitation call is. Basis / starting points of this analysis --------------------------------------------------------------------------------------------------------- All time low 1.910 All time high 72.620 On 05.08.2021, countermovement (wave A) at the 61.8% retracement. RSI 65.30 XABCD Gartley Pattern Elliot Waves --------------------------------------------------------------------------------------------------------- XABCD Gartley --------------------------------------------------------------------------------------------------------- X= 1.970 B= 72.620 C= 55.953 D= 17.061 X-B= 0.618 X-D= 0.786 A-C= 0.618 B-D= 1.44 C and D are still in execution! --------------------------------------------------------------------------------------------------------- Elliot waves --------------------------------------------------------------------------------------------------------- wave 1= 20.360 wave 2= 5.260 Wave 3= 72.620 Wave 4= 20.400 ? Wave 5 ? --------------------------------------------------------------------------------------------------------- Description of the idea --------------------------------------------------------------------------------------------------------- 1. after reaching the last all-time high and the formation of wave 3 on 02.06.2021 the price is in a correction phase (ABC) 0= 72.620 A = 28.910 B=? ( 55.829 - 63.322 ) C= ? ( 21.673 - 7.687) 2. on 05.08.2021 the price formed wave A at 28.910 3. with the formation of wave B, I expect in the range of 55,829 - 63,322 (Gartley C) 4. possibility of a short position in the area of wave B SL at 65,000 - 70,000 TP= 21,673 - 7,687 (consider CRV, risk and money management) 5. target areas of the downward movement: Yellow = Harmonizes with the Elliot wave theory whereby 20,360 Optimally should not be undercut. XABCD Would not be in the range in perfection Orange = Harmonizes with the Gartley formation, whereby 17,215 would perfect the formation. Elliot wave 4 would already be below wave 1 here. Red = Lowest area for side D of the Gartley formation, Gartley and Elliot would not have performed Harmonious or Perfection in this area. 6. after reaching the target area of the downward movement, short positions should be closed, when leaving upwards from one of the target areas, long positions could be opened. Since there is a very large margin here in the downward target range, one should watch closely here and think carefully about how to position. One possibility here would be that one uses in each case the middle value of the respective area (yellow, orange, red) as an entry, and the spaces between the respective target areas as SL. 7. take profit zones: The respective colored lines (Yellow Orange Red) in the Take Profit areas, are dependent on the respective entries, from the downward target areas. (Yellow = Yellow, Orange = Orange, Red = Red) 38.2% Range Take Profit Zone 1 32,492 - 41,232 61.8% Range Take Profit Zone 2 47,825 - 53,098 127% Range Take Profit Zone 3 86.257 - 90.144 8th Elliot waves 5 target areas: Target 1 39,264 Target 2 52.899 Target 3 72,620 Target 4 86.746 Target 5 105.834 9. since the RSI did not fall in the oversold area of 30 on 05.08, my assumption is confirmed that in the target area of the current upward movement (Gartley C), the RSI will be in the oversold area and a strong sell-off will follow. and a strong sell-off will follow. I hope you liked the analysis, you should be of a different opinion, and or they have created their own analysis feel free to post it in the comments. German Version AMC steht der Abverkauf bevor? Harmonisch Gartley + Elliot Welle Symbol / Name der Aktie / Zeitfenster / Handelsplatz / Währung / Präzision --------------------------------------------------------------------------------------------------------- AMC / AMC Entertainment / Tageschart / NYSE / USD / 1/1000 --------------------------------------------------------------------------------------------------------- Hinweis! Alle Texte sowie die Hinweise und Informationen in dieser Idee stellen keine Anlageberatung oder Empfehlung zum Kauf oder Verkauf von Wertpapieren nach (§ 85 WpHG) dar. Ausdrücklich nochmal Keine Kauf / Verkauf oder Halte Empfehlung keine Anlage Beratung oder ähnliches. Ihr tragt das alleinige Risiko für euer Handeln. Wie der Name schon sagt ist dies lediglich eine Idee meinerseits die ausdrücklich nicht zur Nachahmung aufrufen soll. Basis / Ausgangs Punkte dieser Analyse --------------------------------------------------------------------------------------------------------- Allzeit Tief 1.910 Allzeit Hoch 72.620 Am 05.08.2021, Gegenbewegung (Welle A) am 61.8% Retracement. RSI 65.30 XABCD Gartley Muster Elliot Wellen --------------------------------------------------------------------------------------------------------- XABCD Gartley --------------------------------------------------------------------------------------------------------- X= 1.970 B= 72.620 C= 55.953 D= 17.061 X-B= 0.618 X-D= 0.786 A-C= 0.618 B-D= 1.44 C und D sind noch in der Ausführung! --------------------------------------------------------------------------------------------------------- Elliot Wellen --------------------------------------------------------------------------------------------------------- Welle 1= 20.360 Welle 2= 5.260 Welle 3= 72.620 Welle 4= 20.400? Welle 5 ? --------------------------------------------------------------------------------------------------------- Beschreibung der Idee --------------------------------------------------------------------------------------------------------- 1. Nach dem erreichen des Letzten Allzeit Hochs und die Bildung von Welle 3 am 02.06.2021 befindet sich der Kurs in einer Korrektur Phase (ABC) 0= 72.620 A = 28.910 B=? ( 55.829 - 63.322 ) C= ? ( 21.673 - 7.687) 2. Am 05.08.2021 Bildete der Kurs Welle A bei 28.910 3. Mit der Ausbildung von Welle B, rechne ich im Bereich von 55.829 - 63.322 (Gartley C) 4. Möglichkeit einer Short Position im Bereich von Welle B SL bei 65.000 - 70.000 TP= 21.673 - 7.687 (CRV, Risiko und Money Management beachten) 5. Zielbereiche der Abwärtsbewegung: Gelb = Harmoniert mit der Elliot wellen Theorie wobei 20.360 Optimalerweise nicht unterschritten werden sollte. XABCD Wäre in dem Bereich nicht in Perfektion Orange = Harmoniert mit der Gartley Formation, wobei 17.215 die Formation Perfektionieren würde. Elliot Welle 4 wäre hier bereits unter Welle 1 Rot = Tiefster Bereich für Seite D der Gartley Formation, Gartley und Elliot hätten in diesem Bereich keine Harmonische bzw Perfektionierte Ausübung geleistet. 6. Nach erreichen des Zielbereichs der Abwärtsbewegung, sollten Short Positionen geschlossen werden, beim verlassen nach oben aus einen der Zielbereiche könnten Long Positionen eröffnet werden. Da hier im Abwärts Zielbereich ein sehr großer Spielraum herrscht, sollte man hier genau beobachten und sich genauestens überlegen wie man sich Positioniert. Eine Möglichkeit hierbei wäre, dass man jeweils den Mittleren Wert des jeweiligen Bereiches (Gelb, Orange, Rot) als Einstieg nutzt, und die Zwischenräume zwischen den jeweiligen Zielbereichen als SL nutzt. 7. Take Profit Zonen: Die jeweiligen Farbigen Linien (Gelb Orange Rot) in den Take Profit Bereichen, sind abhängig von den jeweiligen Einstiegen, aus den Abwärts Zielbereichen. (Gelb = Gelb, Orange = Orange, Rot = Rot) 38.2% Bereich Take Profit Zone 1 32.492 - 41.232 61.8% Bereich Take Profit Zone 2 47.825 - 53.098 127% Bereich Take Profit Zone 3 86.257 - 90.144 8. Elliot Wellen 5 Zielbereiche: Ziel 1 39.264 Ziel 2 52.899 Ziel 3 72.620 Ziel 4 86.746 Ziel 5 105.834 9. Da der RSI am 05.08 nicht im Überverkauften Bereich von 30 gefallen ist, bekräftigt sich meine Vermutung das im Ziel Bereich der Aktuellen Aufwärtsbewegung (Gartley C), der RSI im über kauften Bereich sein wird, und ein Starker Abverkauf folgt. Ich hoffe Ihnen hat die Analyse gefallen, sollten Sie anderer Meinung sein, und oder haben sie eine eigene Analyse erstellt fühlen sie sich frei diese in den Kommentaren zu Posten.
NYSE:AMCShort
by Highrisk221
3
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. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 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. ____________________________________________________
NYSE:AMCLong
by vikinsa
2
The Meme stock AMC Market Analysis Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ 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.
NYSE:AMC
by GabiDahduh
2
AMC breakout rejected, trading in down channel... for nowSo AMC looks like it has failed to break out of its down-channel, I hope to pick up AMC around $23 before it gets squeezed into a symmetrical triangle from the trend line going back to the sym formation at the start of this year, which led to the parabolic move up to $73. I think we need to complete this triangle pattern before another parabolic move up, we have a few converging signals here: - Meeting the 200 day MA which is skipping along the trendline nicely - November 8's earning call which will hopefully give us some good news regarding BTC acceptance in theaters. - And hopefully the end of all the Covid lockdowns, and theaters back open. I included a bar pattern of the last move up here, with a fib retracement from its correction. If we hit that 3.618 fib up there at $541 it will be party time baby! So long-term bullish here, although I hope the masses demonstrate diamond hands through the shakeout! NOT FINANCIAL ADVICE - You should commit the time to do your own research before investing in anything!
NYSE:AMC
by Ch3ffykins
1
Let's get into some stock trades #4 & #5 - AMC & GMEDespite AMC & GME having either bad business models given the era we live in or bad financials or a mixture of both, the meme stock craze doesn't seem to be going away. AMC currently at about 17-18% short interest of free float and GME at about 12-13% short interest of free float. Neither heavily shorted, but there is some juice. Clearly neither as short as during the major squeezes, but the charts look pretty strong. Currently we live in a world were memes, brands, communities and networks is all that matters, and these stocks have all of that behind them. Will these end well? Probably not, but in the short term we have something big here. Several weeks ago I put out some updates on AMC and GME, and both did drop substantially since then and then found support. I stupidly ignored my 32$ buy level for AMC and on GME I was a little more scared that it would hold 150 after it lost 180. However the current view is quite different as they are both showing substantial strength. Short term might both pullback, but in my opinion it isn't a bad idea to own a little bit of both and consider that money lost as they could both go up 200-500% from here or even higher depending on how the stock market craze progresses. In my opinion we haven't see the parabolic rise of stock markets yet, but we might be pretty close. Before that we might get a dip which would definitely be a great buying opportunity.
NYSE:AMCLong
by BitcoinMacro
AMC ready for another moon shot?As you can see AMC has formed a massive price channel. Each time it made contact with the bottom of the channel it was the beginning of a massive run gaining over 500% in very short period of time. After each run, price pulled back 50-55% and raced back to the top of the channel to repeat the cycle. The top of the channel is ~$200 Options expire 9/17 So what do you think? Will AMC blast off to $200? 30 minute chart broke out of falling wedge pattern.
NYSE:AMCLong
by Lemur1986
MOASS has just started. GMEThe mother of all short squeezes has just started and we think it will lead to a wave of liquidations, obliteration and bankruptcies of tradfi. We need to see the inefficient go before the new age can come into the foray. It looks like the short squeeze is ready to start from here it can happen before or after the crypto pump. BULL CASE Price goes to test the all time high after a short retest of 180. BEAR CASE Market makers tries to liquidate some more longs near the 120 level before the short squeeze begins.
NYSE:GMELong
by IkanBilisCapital
3
AMC - A Trader's plan to profit on the volatilityI'm not about the HODL life, however I love trading volatile assets such as AMC, Cryptos and Index/Commodity Futures. Here's how I'm planning to trade AMC. I am not sure if this is just a pump and dump or the beginning of another bull run for AMC, so I'll have to see how it reacts when it comes down to the Possible Value Area. It's good to see the volume spike, which is all I've been waiting to see for months with AMC. I don't really care much about rumors or theories. If it's gonna run, the charts will indicate it. No need to listen to any latest news or updates. There are 2 possible scenarios that play out: 1. This was just a pump and dump to shake out retail traders and AMC is gonna go back to sleep or worse, drops below the Support Zone. 2. This was the first pump that will lead into another big push up for AMC. If #1 plays out, I'm hands off. If #2 plays out, this is my plan. Enter around the Value Entry Zone and take profits at my Take Profit zones. I may hold some and trail it up just to see how high it goes but I'm definitely taking profits on the way up.
CAPITALCOM:AMC
by TraderFromTheNorth
AMC Chart Update - One for the Apes. Pt2!!!NOT FINANCIAL ADVICE!!! The Pattern has played out perfectly to the dot. Reversal wedge retested and bounced off nearly right within my 2 week timeframe. We should be seeing $60 in the coming weeks and a break out from there to the upside. Price Target for first consolidation after breakout for me is between the $150 - $200 mark. Hold strong and Hold Long. Projected Time Frame to take profits should be Q4 (Which is where I believe the final short squeeze to happen), that's also when the execs can take profit from their shares and falls in line with the last all around the board push(Metals, Tech stocks, Crypto, Ape Stocks).
NYSE:AMCLong
by Ikigai_Kaizen
11