$AMC breaking off the downtrend and bouncing the 0.786 FibAMC recently broke off of the downtrend we had since march 29th and bouncing off the .786 Fibonacci, respectively missing it by 14 cents.
If this was the end of the 2nd Elliott Wave, our next impulse lead us to the price target at 1.618 Fib -> $44.59
Amcentertainment
AMC Entertainment (NYSE: $AMC) Likely To Wick Thru 0.786 Fibs!🕯AMC 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. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.
$AMC: Make Or Break⭐AMC is in a huge falling wedge starting from 30$
⭐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)
Analysis of AMC - Only intended to obtain Reputation pointsHello, everyone. As the title described, this analysis is not professional, is just a basic observation of the candles in the chart, anything can happen at any moment and change every direction and pattern.
Hope you all have a peaceful weekend. And I wish all luck to AMC traders and Holders.
Thanks in advance for the help given to help me access group chats.
$AMC BearishOn my last chart of AMC we identified the demand zone and eventually blew right through out target! Now we're hear to look at the reverse of that outcome.
I know the bulls and 'ape land' won't approve of this sentiment; nevertheless, I foresee price action returning back to our $12 - $14 range and that could happen within a short duration of time. Let's call it within the next 30-45 days to be conservative; however, I really hate to ever put durations on anything when it comes to the markets.
$AMC: Really Important Day!⭐20$ 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.
AMC missing 0.681 fib level by 4 centsAMC hit today the 0.618 fib level, respectively missed it by 4 cents. My prediction for wave 3 is the move into the $41.80 range in the next 5 trading days. By the way the RSI is cooling off and the price is dropping while volume is also dropping, absolute bullish!
$AMC: Strong Bullish Divergence!⭐Broken out of 9 month falling wedge with a 6 month engulfing volume
⭐Broken out of monthly Ichimoku Cloud resistance
⭐Broken out of EMA Ribbon resistance at 20.8$
⭐Vix Fix indicator shows for the first time in 13 months a strong signal of a bottom
*WARNING* This thread is not financial advice. I am not a financial advisor.
Thank you for reading.
$AMC: 30$ 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.
Possible AMC Scenario NYSE:AMC
Possible scenario is that we're finishing the B leg currently as it is in a falling wedge and will breakout this week for C leg. Volume decreasing as price is dropping is bullish. PT for C leg rn is around 55$. If there is enough momentum there may be a 5th leg which would validate that this is a 5 wave impulse and pt would be around 100ish. Good luck! lmk what you guys think
OUTLOOK OF AMC ENTERTAINMENT HOLDINGS (AMC)HEY GUYS, I HOPE YOU'RE ALL DOING WELL.
this is my general outlook on the market i am currently bullish on the stocks market and looking to buy the dips as far as i can see a retracement is due in both indexes and some profit taking so that happens this is my plan of attack keep in mind that this is an idea a plan in a uncertain chaotic environment out of multiple plans to be certain
IF anything happens that changes the fundamentals of this idea, i will update.
please note that this is not financial advice. do your own research and use this information as conformational biase on top of your own analysis.
like for support!!!!
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
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AMC Entertainment @ Last Point Of Supportyou know It! Wyckoff everywhere!
Accumulation of bananas has been soo bloody.
To the Moon!
Tendies nice and warm, sweet tea, crinkle french fries. life time baby!
( APE SOUNDS APE SOUNDS APE SOUNDS)
( APE SOUNDS APE SOUNDS APE SOUNDS)
( APE SOUNDS APE SOUNDS APE SOUNDS)
Goodluck! NFA!
$AMC: Huge Rounded Bottom! (TARGET 47$)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.
$AMC: Massive Rally Incoming! (72$?)AMC broke out of a large bull flag. The price target of this pattern is 72$.
We have also broken out of the Ichimoku Cloud which is a sign of strength. This movement is confirmed by engulfing volume.
We have mounted the 20$ level with significant volume (.786 Fib) It is also a large VPVR node making it strong support.
We also mounted the .618 Fib at 25.7$ which has become strong support confirmed by the VPVR.
We have also retested the bull flag at 26,4$ which on micro time frames is the 7.86 Fib. This retest of the bull flag is a sign of strength because of the large buying volume that appeared at this level. We didn't even wick within the bull flag.
Currently we are facing resistance at the 0.5 Fib 29.5-30$ confirmed by the VPVR.
We also got resistance at the .382 Fib (33.41$)
Later on we have .236 Fib level resistance at 38.31$.
The MFI is on a strong uptrend, it looks healthy for continuation.
The volume is looking extremely bullish which makes all of the price action valid.
Options chain is also extremely bullish.
Check the related ideas for a micro-timeframe update.
*WARNING* This thread is not financial advice. I am not a financial advisor.
Thank you for reading.
AMC NYSE Black Mountain Analytical Team:
AMC 3 possible scenarios
Wait for the price reaction to the area and zone.
We will wait for the price reaction to the Resistance line and the static Resistance range. After the price reaction, we can enter.
We are currently monitoring it to catch it in the first price movements.
TREND LINE-Resistance area
AMC Squeeze PredictionJust a quick chart comparing last year's run with this week's price action. If we are only looking at price action, one can assume we are in day 1 of 4 of a prior run-up cycle showing the top to be on Thursday March 31st 2022.
Not Financial Advice - Not a Financial Advisor - Entertainment Only