AMC Forming a bottom. Huge investment opportunity?AMC Entertainment Holdings (AMC) has been trading sideways for the past 2 weeks following this month's bottom after the August price drop. The 1D RSI turning flat in oversold territory while the 1D MACD just formed a Bullish Cross marginally above the -0.500 level, the deepest it has ever been historically.
The above setting is an early call of a long-term bottom formation. A similar pattern, Lower Highs price sell-off into an oversold RSI and Bullish Cross MACD can be seen on AMC's previous market low during March 2020. The price then recovered, hitting both the 1D MA50 and MA200, extending as high as the Lower Highs trend-line. As a result, we consider the current levels a sound investment, targeting at least $25.00 (projected contact with the 1D MA200).
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Amcentertainment
AMC LONG TF M15, TP = 5.36On the M15 chart the trend started on July 28 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 5.36
But we should not forget about SL = 4.51
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
AMC Shareholders approved combining AMC shares & APE units !Even though I was one of the first to signal you about the AMC potential to become the next GME Gamestop:
Today I want to share with you my Bearish Thesis:
In my opinion, there are factors that suggest AMC Entertainment Holdings (AMC) may experience a decline in share price following the APE (Additional Paid-in Capital) conversion. The approval of combining AMC common shares and APE units by an overwhelming majority of shareholders (87% in favor) indicates a significant increase in the capacity to issue additional common shares (88% in favor).
The increased capacity to issue common shares can potentially lead to dilution of existing shareholders' ownership. As more shares are issued, the existing shares represent a smaller portion of the overall ownership in the company. This dilution, coupled with the potential influx of additional shares in the market, can put downward pressure on the share price.
Furthermore, the approved combination of AMC common shares and APE units may result in increased selling pressure as some shareholders may choose to liquidate their positions. This increased supply of shares in the market can further contribute to downward price movement.
Considering these factors, my price target of $3.80 by fall reflects a bearish sentiment for AMC's stock. It is important to note that the price may even go lower due to the potential dilution and increased selling pressure resulting from the shareholder-approved measures.
Looking forward to read your opinion about it.
AMC Breakout Alert $we about to have another test for 2$ level where we going to have huge pump in the price and short cover towards 2 levels of profit taking .
Here are my lines on the AMC chartSo there are a few trend lines that I've been tracking that date as far back as the June 2021 run up (Purple).
We are currently surfing along the top of this Purple trend line and, with the help of some kind of catalyst (earnings is right at the closing point of the trend line) and some high volume, I think we are ready to fly.
The Orange and Green trend lines will likely be resistances on the way up, not sure exactly how strong as AMC is known for busting through resistances on the 4th touch.
The Blue trend line hasn't been tested as often so I can see somewhat of a pullback once it touches it, but ultimately I think AMC is at least a 10$ stock, so earnings should help it get at or above that level.
This has been your BroStock Science of the day. Time will tell.
AMC | It's Coming!!! | LONGAMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. AMC Entertainment Holdings, Inc. was founded in 1920 and is headquartered in Leawood, Kansas.
✨ NEW: EQUITY POSITION ✨ AMC (1D) ✨ TP3 @ 7.61 (closing ALL BuyTP3 @ 7.61 (closing ALL Buy Orders)
TP2 @ 7.00 (shaving 25% or closing)
TP1 @ 6.33 (shaving 25% or closing)
BLO1 @ 5.55 ⏳
BLO2 @ 4.10 ⏳
ADDITIONAL INFO:
00:00 Shout out to @Casey_Louis 🙌
00:50 Curve Analysis
01:47 Buy Orders
02:56 Key Take Profit Levels
03:27 Gaps, Resistance, and ISR
05:52 Fundamental Analysis
00:00 Boost, Follow, Comment, Join
FUNDAMENTAL ANALYSIS
Soon, AMC Entertainment expects to report a loss per share of 17 cents. This loss, of course, is much narrower than the 65 cents-per-share loss it posted in the first quarter of 2022.
The investor sentiment is that they hope to see a significant improvement to AMC's balance sheet in the first quarter, including a decrease in the company's debt.
But AMC investors should be aware of management's plan to convert APE units into common shares, which will likely continue to create volatility in AMC stock.
AMC has enormous upside. Target $18.00.AMC Entertainment Holdings (AMC) is testing its 1D MA50 (blue trend-line) today, on a potential completion of an Inverse Head and Shoulders (IH&S) pattern. The long-term pattern is a Channel Down, but the closer it gets to the 0.786 Fibonacci level, the closer to its exhaustion is, being almost a 2 year pattern. Our target is the 2.0 Fib extension of the IH&S at $18.00, which happens to be on the 0.236 Fib of the January 2021 Triple Bottom.
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AMC Next Breakout $we had a good pump the last few days , now we inside a consolidation area between (5.50$/4.66$), once we break our current resistant at the 5.50$, we going to witness another pump towards the 6$ and the 6.70$.
on the other hand if we broke our support around the 4.66$, it's mean the short will drop the price to new low this year just above the 3.26$ first then to the bottom price for this year at the 1.26$.
APE - Potentially UndervaluedAPE is finally consolidating near the 200ema and seems to be holding. We are slightly overbought but I think there is an argument for accumulation. I got limit filled around 1.79 , Not financial advice, DYOR.
AMC BEATS EARNINGS Incredible work by the company manager and the board of course. Popcorn is launching and expenses have been reduced. AMC Entertainment is on its' way to clearing the debt and become profitable again.
Their credit card also will be launching soon so I'm confident AMC will not only stay a float but become a growth stock.
Very bullish!!!
NAS100 Signature W patternNAS100 has formed its signature bottoming structure after a big correction, in this TA I will show you how the NAS100 time and time again forms W patterns before reversing to the upside .
There plenty of examples showing this fractal playing out over the last 10 years , here are a few.
As you can see every time this pattern forms its the bottom before a wave to the upside. I couldn't find one instance where the NAS100 formed a W pattern and we crashed to the downside.
I'm not calling a bull run but a multi month rally to the 8/1 Gann is in the cards , heck the technical target breakout alone of this W pattern is 13700 which puts us at August 2022 high.
Tonight we have FOMC meeting so like always there will be a lot of volatility so best to stay out of any leverage trades till tomorrow.
Keep in mind that the NAS has pulled back nearly 8% before heading higher coming out of these W patterns.
Do not be fooled by movements next 24-48hours , this W pattern has very high success rate!
Let's make History my friends! We are literally squeezing and I love it. Lean back and enjoy the show. This is the time we have been waiting for.
AA tweeted something about a 'lesson not learned' which probably refers to the missed oppurtunity to dilute the last time the proposal came up!
This will boost AMC in every metric and CRUSHES the short theory ! ! !
STAY ZEN.
GME, APE, AMC Trading Data 1-19-22 to 1-19-23$GME
284,152,540 - Shares Traded Short Reported
4,433,987 - Shares Traded Short Exempt
491,230,683 - Shares Traded
Chart shows 2.8 Billion shared traded on the Yearly for 2022
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$AMC
2,869,327,325 - Shares Traded Short Reported
73,070,781 - Shares Traded Short Exempt
5,292,793,100 - Shares Traded
Chart shows 10.4 Billion shared traded on the Yearly for 2022
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$APE 8-22-22 to 1-19-23
1,395,763,913 Shares Traded
28,236,308 Shares Traded Short Exempt
661,931,758 Shares Traded Short
Chart shows 2.27 Billion shared traded on the Yearly for 2022
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Data is referenced from here.
www.finra.org
AMC Entertainment Holdings, INC (AMC) 1M Trading Analisys (TA)1M Chart, AMC Entertainment Holdings, INC (AMC) NYSE , on January 18, 2023, the signals on MACD have been below the histogram since January 2022, still far from pierce facing north; The RSI signal bounced on 40 and is now facing NE after the price has been steadly climbing the last 13 days, from $4 to $5,77, below both 100/200 MA signals, there is still plenty of room for the price to reach the 100 days MA signal by $8, to test it, which is which is the optimistic approach, but remember "In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading: "Now is the time to buy". At this time this ticker has a Volume of 43.939M, with Average Volume (10) of 29.468M and a Market Cap of 3.009B. AMC Entertainment Holdings, Inc. engages in the theatrical exhibition business through its subsidiaries. It operates through the U.S. Markets and International Markets segments. The U.S. Markets segment is involved in owning, leasing, or operating theaters and screens in the U.S. The International Markets segment focuses on owning, leasing, or operating theaters and screens in the United Kingdom, Germany, Spain, Italy, Ireland, Portugal, Sweden, Finland, Norway, Denmark, and Saudi Arabia. The company was founded by Barney Dubinsky, Maurice Durwood and Edward Durwood in 1920 and is headquartered in Leawood, KS.
This Company DOES NOT SHARE DIVIDENDS.
Good Luck!
Gráfico 1M, AMC Entertainment Holdings, INC (AMC) NYSE , al 18 de enero de 2023, las señales en MACD han estado por debajo del histograma desde enero de 2022, aún lejos de perforar hacia el norte; La señal RSI rebotó en 40 y ahora se enfrenta al NE después de que el precio haya estado subiendo constantemente los últimos 13 días, de $4 a $5,77, por debajo de ambas señales de 100/200 MA, todavía hay mucho espacio para que el precio alcance la Señal MA de 100 días para testearla cerca de $8, que es el enfoque optimista, pero recuerda: "En este negocio, si eres bueno, aciertas seis veces de cada diez. Nunca acertarás nueve veces de cada diez. Descubrí que cuando el mercado está bajando y usted compra fondos sabiamente, en algún momento en el futuro será feliz. No llegará allí leyendo: "Ahora es el momento de comprar". En este momento este ticker tiene un Volumen de 43.939 M, con un Volumen Promedio (10) de 29.468 M y una Capitalización de Mercado de 3.009 B. AMC Entertainment Holdings, Inc. se dedica al negocio de exhibición teatral a través de sus subsidiarias y opera a través de los EE. UU. Segmentos de Mercados y Mercados Internacionales El segmento de Mercados de EE. UU. participa en la propiedad, arrendamiento u operación de teatros y pantallas en los EE. UU. .S. El segmento de Mercados Internacionales se enfoca en poseer, arrendar u operar teatros y pantallas en el Reino Unido, Alemania, España, Italia, Irlanda, Portugal, Suecia, Finlandia, Noruega, Dinamarca y Arabia Saudita. La empresa fue fundada por Barney Dubinsky, Maurice Durwood y Edward Durwood en 1920 y tiene su sede en Leawood, KS.
Esta Compañía NO COMPARTE DIVIDENDOS.
¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER : I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE : No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
AMC $ Breakout we had double bottom above the 3.82$, and now we broke from our ascending line. first sign of strength , now we need to break the resistant at 4.31$ to continue to go higher towards the 2 profit taking and squeeze area around the 5.37$.
if we got rejected at 4.31$, it's means we going towards the bottom price above the 3.33$.