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AMC TO THE MOON!AMC to the MOON! 🌕 We all know that retail investors have little to no control over the price however what we also know is that institutional banks are in charge of the big moves. JUDAS GOAT: Juda is the only goat that leads all the other goats, it’s also the leader. All the sheep follow Juda to the slaughter house while Juda sits on the side pretty. When we are trying understand how to enter the market, we need to first understand how the manipulation takes effect. When Robinhood stopped everyone from buying GME, AMC, NOK ETC they intentionally did that purposely to give the opportunity to hedge funds to drop prices lower so all the big banks go shopping on discount. It was only the suits and ties shopping, no retail investor. Hedge funds, banks and politicians are the Devil that we need to follow. You will never see big buy orders come in from banks at high prices, and you will never see large sell orders from banks at low prices, buy low.. sell high. In order to determine an outlook, we had researched both fundamentals and technical analysis to form a case. Fundamental Analysis: - 🎈 Let’s take a step back and think about the current situations going on in this world. When COVID-19 struck, all restaurants, shopping centers, entertainment, airports, etc. shut down, we understand by shutting down the doors of a store it usually results in no sales. AMC Theaters also shut down due to the pandemic resulting in no sales, what do you guess happened to the stock? Of course it dropped. Simply because the company is no longer making revenue. Fast-forward to 2021 and things aren’t as bad as before.. most of the restaurants are back to work, many shopping centers are back open, entertainment hubs are also staring to open back up, however there is one on particular that is still closed... Theaters are still closed, not just AMC. This is because theaters are a high potential area of spreading covid simply because there are over 200 seats in one room. When you judge a stock, judge what’s going on in the real world first, and we know currently even though COVID-19 had slowed down, many people still don’t hang out in large group of numbers. This alone effects the theater business and drop in prices is expected.. However, COVID-19 will not last forever, slowly but surely COVID won’t be a thing, when that happens the world goes back to normal, theaters and airports will be the first to open the doors back for business. When this happens, don’t be surprised if AMC stock price goes up. Technical Analysis: - 🎇 A technical perspective is there to help us better refine our fundamentals and see the porn from a technical perspective. From a 4h perspective, price is currently overbought, meaning a short term pullback is inbound but this should be a discount for us to enter in more buy opportunities. The lower price goes, the deeper discount we are in discount. Many people talk about banks manipulation but don’t know how it looks like on a chart. Each large impulse move is institutionally involved. This is where we see heavy selling or heavy buying. The only people who have the power to cause such large moves are hedge funds and banks. Market manipulation is built off a retail behavior, and many retail investors buy at support and sell at resistance, the devils know this so they grab the liquidity of retail investors and cause disbelief to shake out anybody that is buying. From a technical perspective, we have large amounts of liquidity resting above $20 and more liquidity above $35 If you drop a tear of blood in the ocean, the sharks will smell it. Big banks also smell this liquidity and uses liquidity as the juice of the overall momentum. Referring back to the “Judas reference” mentioned above, devils drive price into areas where they have all the power to trigger their limit orders. In this case last Monday when price was tanking on AMC but brokers disabled retail investors to buy, this caused price to drop giving the devils a chance to sell at their last sell orders, profiting from the overbought AMC and also a chance to buy after the collapse at cheap prices.
NYSE:AMCLong
by FlyDownX
8
AMC LONG SET UP (AMC to reopen eight theaters in California) TITLE : BUY AMC ASSETS : STOCK SYMBOL : AMC PLATFORM: WeBull or Robinhood ORDER TYPE : (EP1) Market (1/2) position size (partial low lot entry) (EP2) BUY LIMIT ORDER (2/2) (Now enter rest of position) TF : Week ENTRY PRICE 1: $2.68 ENTRY PRICE 2: $2.08 STOP LOSS : $1.18 (15 PIPs) TAKE PROFIT 1- $3.86 TAKE PROFIT 2- $4.86 TAKE PROFIT 3 $5.86 STATUS : ACTIVE AMC to reopen eight theaters in California Oct 27 (Reuters) - AMC Entertainment Holdings Inc AMC said on Tuesday it plans to reopen eight theaters in California, one of its key markets, providing some much needed hope to an industry that has been hammered by the COVID-19 pandemic. AMC said that it would reopen theaters in Northern California, including San Francisco and the greater Bay Area. The world's largest theater chain expects to have about 540 of its 600-theatre circuit open by the end of this month. While big theater chains such as AMC Entertainment and Cineworld Group CINE have reopened many locations, audiences have been thin due to virus fears and delays in major releases by studios. Small and mid-sized theater companies have said they may not survive the impact of the pandemic. Shares of AMC, which have fallen 62% this year, were up 4.3% in premarket trading. AMC to Reopen Seven Theater Locations in Northern California AMC Entertainment (AMC) said Tuesday it will resume operations at seven theaters in Northern California on Oct. 30, and open a new location in the area as well. As a result of the openings, AMC said it expects to have approximately 540 of its 600-theatre circuit open by the end of October. AMC Entertainment to Reopen Dozen Locations in New York on Friday; Shares Rise 6% Pre-Bell AMC Entertainment Holdings (AMC) reported that approximately 12 AMC locations throughout New York state, except for New York City, will resume operations Friday. AMC said it expects to have approximately 530 of its 600-theatre circuit open and serving guests by the end of October. Beginning Friday, AMC will open in 44 of the 45 states where it has theaters. "We continue to work closely with state and local authorities about the reopening of New York City, which we now hope with increasing confidence is not far away," said CEO Adam Aron. Shares of AMC are up more than 6% in premarket trading. The company said it is in discussions with local authorities about resuming operations in its remaining theaters. AMC Entertainment Holdings Offers Private Screenings AMC Entertainment Holdings (AMC) is offering private screenings for up to 20 people, with auditorium available at a starting price of $99 plus tax, according to a post on the company's website.
NYSE:AMCLong
by MavRich_Trading