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$AMC: Really Important Day!⭐20$ 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.
NYSE:AMCLong
by Patriick2jz
$AMC: 30$ 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.
NYSE:AMCLong
by Patriick2jz
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 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:AMCLong
by Saxo
$AMC: Huge Rounded Bottom! (TARGET 47$)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.
NYSE:AMCLong
by Patriick2jz
10
$AMC: Massive Rally Incoming! (72$?)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.
NYSE:AMCLong
by Patriick2jz
8
$AMC: Slingshot to 145$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: Be Careful of the DropAMC - Short Term - We look to Sell a break of 20.12 (stop at 22.18) Trades with a bearish descending triangle formation. A break of bespoke support at 20.55, and the move lower is already underway. The bias is still for lower levels and we look for any gains to be limited. Daily signals are bearish. We look to set shorts in the early trade. Our profit targets will be 14.50 and 8.90 Resistance: 25.00 / 30.00 / 40.00 Support: 20.50 / 15.00 / 10.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:AMCShort
by Saxo
13
$AMC: A Breakout of This Downtrend Will Send AMC to 45$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