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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
LCID Lucid Group like AMC Entertainment in May Welcome to my extensive and detailed technical analysis of Lucid Group ( LCID ). Lucid Group caught my eye because of its similarity to AMC Entertainment in May 2021. A comparison I show at the end of this analysis. This analysis is very extensive and detailed and I show several bullish formations in the most diverse time windows. The following time windows are discussed: Weekly Chart Four hours chart Hourly Chart To each analysis there will be a linked idea, so there is the possibility to judge individual analyses retrospectively using the play button function at TradingView (timestamp). Let's start. 1. weekly chart In the weekly chart, we can see and project different bullish patterns. As seen in this analysis, a W formation has formed (white lines), which is currently in a so-called retest. This retest can trigger a correction phase that can continue to the Fibonacci lines 0.236, 0.382, 0.618 and maximum to 0.786. Typically, corrections are made to 0.236, 0.382. The formation becomes invalid only when the price falls below the lowest point of the W formation. The target of this formation can be divided into three targets. Target 1 measured from the middle high to the "neckline". Target 2 measured from the Left Low to the "Neckline". Target 3 measured from the right low to the "neckline". Thus, the following price targets result from this formation: (purple lines) Target 1 53.54 USD Target 2 66.13 USD Target 3 76.05 USD What is exciting here is that the chart at 64.82 USD, similar to AMC Entertainment back then can form a Superior W Formation, with targets of: (Blue lines) 100.08 USD 112.49 USD 113.58 USD If one takes the trend-based Fibonacci Extensions to the help, one can determine additional Max targets that could be reached with strong sustained volume, and according to Elliot waves could define the target of wave 3. The targets are here, at the following price values: (Yellow lines) 159.66 USD 214.49 USD 248.38 USD 2. four hours chart In the four-hour chart, we can see an Inverted Shoulder Head Shoulder Formation, which has already reached its target of 41.41 USD. An Inverted Shoulder Head Shoulder Formation is a sign of a trend reversal and hereby signals us the end of the correction phase that has lasted since 18.02.2021. After reaching the target and a subsequent correction phase, the price very often rises back to the price target of the Inverted SKS (Superior Retest of the W Formation from the weekly chart) and continues the upward movement. 3. hourly chart In the hourly chart, we see a Bearish SKS that has its target at 30.33USD. (0.382 Fibonacci area from the weekly chart). Overarching the possibility exists that a harmonic pattern is formed ( Gartley Formation ). The Gartley Formation is to be considered as a trend-following pattern and gives the following price targets from point D ( 30.62 USD ): (Blue lines) Target 1 34.78 USD Target 2 37.40 USD Target 3 44.65 USD All these formations give me personally a good feeling that Lucid Group has a lot of potential upside in the long term. Finally, I would like to show you a comparison picture to AMC Entertainment, immediately after my analysis at that time, the price of AMC Entertainment rose impulsively to the current all-time high at 77.30USD. If you liked this idea, I would appreciate a click on the Like button ;) If you have any questions, suggestions or a different opinion, don't be afraid to use the comment function. Thanks a lot Disclaimer: Please keep in mind that this is a pure analysis and only reflects what my eye shows me ;) This analysis is for informational purposes only and is scientific in nature. This analysis is not based on any fundamental data! This analysis is not an investment advice and should not be considered as a buy, sell or hold signal. Always do your own research before investing and seek the advice of a qualified person. I am not an investment advisor or similar and do not make any investment recommendations here.
NASDAQ:LCIDLong
by Highrisk221
50
$AMC retracement to 27$ 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$. If this zone doesn't get hit my order will be adjusted. A safe entry for AMC would be a daily close above the Ichimoku Cloud and the 200SMA. When the 200SMA is used as support with large volume backed up by the MFI and the Ichimoku Cloud this would indicate that AMC is trading in a bull market. This would lead to the next bull-run up to the 50's. Also keep an eye on the options. There are some interesting calls out there that could be driving AMC to a new uptrend. The days to cover are rising according to Fintel which could indicate that a short squeeze is near. The short interest of AMC seems to be above 20%. This analysis should not be seen as financial advise. I am not a financial advisor. Thank you for reading and feel free to give me your thoughts on AMC.
NYSE:AMCLong
by Patriick2jz
2
AMC Cup with Handle (Target 36$)AMC made a perfect bounce of the 0.786 Fib level (20$ level) earlier this week. This lead to a technical breakout above the 25-26$ level of resistance. We have established strong support at the 25-26$ range with signifficant volume spikes. We are at the micro times frames trading above the VWAP which was previously seen as resistance becoming new support. I am looking at a healthy retracement to the low 28's or 27.7$. These levels should hold. Otherwise i am expecting 26.7$ as a strong support zone which should lead to a good bounce. At the current time we are overbought on the MFI and the Stochastic. We also haven't managed to close above a huge VPVR resistance node at the 29.7$. This could push the price for further downside but is in my opinion unlikely due to the fact that AMC has started to trade with higher volume. AMC is currently on a short term uptrend with increasing volume. Remember the trend is your friend and that volume predicts price. We are on the 2h chart seeing a cup and handle formation. This is a very bullish pattern. I am expecting a little dip for the creation of the handle towards the high 27$ range. Tis would create the handle and bounce the price to 34$. If this level of resistance is broken (34$) with a high amount of volume making it new support we are going to trade above the 200EMA which is a bullish reversal sign. The cup and handle formation could lead to a break of 36$ which would make us fill the gap at 38.8$. At this point of time i am expecting a signifficant amount of FOMO-Buying which could bounce the price even more up to the daily VPVR level of 40$. If the overall market sees a bounce AMC should follow nicely which could lead to the continuation of the uptrend. The target of 17$ that a lot of people in the AMC community have been speculating is not likely at the current state. *WARNING* (This article should not be seen as financial advise. I am not a financial advisor.) Thank you for reading
NYSE:AMCLong
by Patriick2jz
MOASS or loss porn? An opinion on AMC Entertainment.Dear babbling smooth brained baboons of the interweb, it's your ol’ boy Magnus here! I have come to present a case for AMC. I do believe we are about to witness the end of the “battle for $40” in the war of “The smooth brained simians vs. The hedgies“. Now dear fellow, I know you have never seen such artistic magnificence before! But do stop licking the screen and allow us to move along, ei? Well, as you can see. According to my most sophisticated calculations we should either MOASS or have lots and lots of epic loss porn for our ape brethren over at r/wallstreetbets before the year is out! Disclaimer: This is not financial advice. It is an opinion. Magnus is not a financial advisor.
NYSE:AMCLong
by Magnus_Chimpski
1
AMC Stock Must SeeAMC is currently following a bullish schematic to a tee. According to the schematic it is at the yellow arrow, just shy of a large rip upward. If this scenario plays out, expect a quick pull back then impulse up on higher volume. Notice how the pull bak to the 25 level is exactly to the 618 Golden Pocket. This chart is convincing, however a break of 25 would invalidate. Snipe from the corner : if this is valid there will be a full throttle rip on 12/22-12/23.
NYSE:AMCLong
by Sentiment-Discombobulate
AMC Stock Chart 12/8This is a potential chart for AMC that follows a repeating fractal found on several different time frames. Break above 40 , I am bullish. If not it will be dragged down to the 1.618. Price targets is 29 for tomorrow. Bearish until AMC breaks this down trend and we see a substantial increase in volume and or break above 40. Also have a bullish scenario on a different fractal that I will post later with more confluence. In my opinion, AMC will see a quick move to the high 30s after a slight pull back to 28-29, if it fails to break the downwards channel on this thrust it will fall hard.
CAPITALCOM:AMCShort
by Sentiment-Discombobulate