Amcshortsqueeze
AMC LIVE TRADINGLooks like #AMC is slowly coming positive, We will see resistance at $42.37 and if broken we will see the next resistance at $45.01. Unfortunately, Live Stream on tradingview has an issue so same Live Stream of TradingView chart and Setup you can watch on YT, Click below YouTube Button to join Live trading Session on YT.
So many similarities compared to the previous runup patternThe WHITE line pattern indicates AMC currently. The GREEN line pattern( Which I purposely offset to see easier) was the exact chart pattern with a 5 minute time frame from May 13th to May 24ths breakout. I think we will see a little deep for the next two weeks and then come beginning of October... the just may be upon us.....
Friday-17th We should See some sideways controlled movement, possibly end of day push to send it down to get in to the Option price zone they want. Expect Monday the 20th to dip to the 22nd, possibly 23, then finish sideways for the week. Then Monday to Wednesday end of September she moves sideways, until, THURSDAY..... October FIRST, New month..... Then it comes alive....... unless they have plans to full on exit and send the stock down as much as possible, then we sit back and watch the MOASS play out.... Personally, I think this gets controlled until next year and possibly popping then full fledge. Could be a Tesla slow squeeze...... shoot, maybe hedgies default and not pay like China...... Heck does anybody really know anymore?
Too many similarities compared to the previous runup patternThe WHITE line pattern indicates AMC currently. The GREEN line pattern was the exact chart pattern with a 5 minute time frame from May 13th to May 24ths breakout. I think we will see a little deep for the next two weeks and then come beginning of October... the just may be upon us.....
Friday-17th We should See some sideways controlled movement, possibly end of day push to send it down to get in to the Option price zone they want. Expect Monday the 20th to dip to the 22nd, possibly 23, then finish sideways for the week. Then Monday to Wednesday end of September she moves sideways, until, THURSDAY..... October FIRST, New month..... Then it comes alive....... unless they have plans to full on exit and send the stock down as much as possible, then we sit back and watch the MOASS play out.... Personally, I think this gets controlled until next year and possibly popping then full fledge. Could be a Tesla slow squeeze...... shoot, maybe hedgies default and not pay like China...... Heck does anybody really know anymore?
$AMC Momentum and Fibonacci ModelBased on Fibonacci retracements of past moves if have found a range where the daily green candle closes on a major momentum move with volume. Giving NYSE:AMC ’s ability to surpise even the most certain of short sellers I wanted to share this for anyone interested in a great opportunity given the dip today.
AMC is the sell-off imminent? Harmonious Gartley + Elliot wave German translation below
Symbol / name of the stock / time frame / trading place / currency / precision
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AMC / AMC Entertainment / daily chart / NYSE / USD / 1/1000
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Notice.
All texts as well as the notes and information in this idea do not represent any investment advice or recommendation to buy or sell securities according to (§ 85 WpHG).
Expressly again no buy / sell or hold recommendation no investment advice or the like.
You bear the sole risk for your actions.
As the name already says this is only an idea on my part the expressly not to the imitation call is.
Basis / starting points of this analysis
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All time low 1.910
All time high 72.620
On 05.08.2021, countermovement (wave A) at the 61.8% retracement.
RSI 65.30
XABCD Gartley Pattern
Elliot Waves
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XABCD Gartley
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X= 1.970
B= 72.620
C= 55.953
D= 17.061
X-B= 0.618
X-D= 0.786
A-C= 0.618
B-D= 1.44
C and D are still in execution!
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Elliot waves
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wave 1= 20.360
wave 2= 5.260
Wave 3= 72.620
Wave 4= 20.400 ?
Wave 5 ?
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Description of the idea
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1. after reaching the last all-time high and the formation of wave 3 on 02.06.2021 the price is in a correction phase (ABC) 0= 72.620 A = 28.910 B=? ( 55.829 - 63.322 ) C= ? ( 21.673 - 7.687)
2. on 05.08.2021 the price formed wave A at 28.910
3. with the formation of wave B, I expect in the range of 55,829 - 63,322 (Gartley C)
4. possibility of a short position in the area of wave B SL at 65,000 - 70,000 TP= 21,673 - 7,687 (consider CRV, risk and money management)
5. target areas of the downward movement:
Yellow = Harmonizes with the Elliot wave theory whereby 20,360 Optimally should not be undercut. XABCD Would not be in the range in perfection
Orange = Harmonizes with the Gartley formation, whereby 17,215 would perfect the formation. Elliot wave 4 would already be below wave 1 here.
Red = Lowest area for side D of the Gartley formation, Gartley and Elliot would not have performed Harmonious or Perfection in this area.
6. after reaching the target area of the downward movement, short positions should be closed, when leaving upwards from one of the target areas, long positions could be opened.
Since there is a very large margin here in the downward target range, one should watch closely here and think carefully about how to position.
One possibility here would be that one uses in each case the middle value of the respective area (yellow, orange, red) as an entry, and the spaces between the respective target areas as SL.
7. take profit zones:
The respective colored lines (Yellow Orange Red) in the Take Profit areas, are dependent on the respective entries, from the downward target areas. (Yellow = Yellow, Orange = Orange, Red = Red)
38.2% Range Take Profit Zone 1 32,492 - 41,232
61.8% Range Take Profit Zone 2 47,825 - 53,098
127% Range Take Profit Zone 3 86.257 - 90.144
8th Elliot waves 5 target areas:
Target 1 39,264
Target 2 52.899
Target 3 72,620
Target 4 86.746
Target 5 105.834
9. since the RSI did not fall in the oversold area of 30 on 05.08, my assumption is confirmed that in the target area of the current upward movement (Gartley C), the RSI will be in the oversold area and a strong sell-off will follow.
and a strong sell-off will follow.
I hope you liked the analysis, you should be of a different opinion, and or they have created their own analysis feel free to post it in the comments.
German Version
AMC steht der Abverkauf bevor? Harmonisch Gartley + Elliot Welle
Symbol / Name der Aktie / Zeitfenster / Handelsplatz / Währung / Präzision
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AMC / AMC Entertainment / Tageschart / NYSE / USD / 1/1000
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Hinweis!
Alle Texte sowie die Hinweise und Informationen in dieser Idee stellen keine Anlageberatung oder Empfehlung zum Kauf oder Verkauf von Wertpapieren nach (§ 85 WpHG) dar.
Ausdrücklich nochmal Keine Kauf / Verkauf oder Halte Empfehlung keine Anlage Beratung oder ähnliches.
Ihr tragt das alleinige Risiko für euer Handeln.
Wie der Name schon sagt ist dies lediglich eine Idee meinerseits die ausdrücklich nicht zur Nachahmung aufrufen soll.
Basis / Ausgangs Punkte dieser Analyse
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Allzeit Tief 1.910
Allzeit Hoch 72.620
Am 05.08.2021, Gegenbewegung (Welle A) am 61.8% Retracement.
RSI 65.30
XABCD Gartley Muster
Elliot Wellen
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XABCD Gartley
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X= 1.970
B= 72.620
C= 55.953
D= 17.061
X-B= 0.618
X-D= 0.786
A-C= 0.618
B-D= 1.44
C und D sind noch in der Ausführung!
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Elliot Wellen
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Welle 1= 20.360
Welle 2= 5.260
Welle 3= 72.620
Welle 4= 20.400?
Welle 5 ?
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Beschreibung der Idee
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1. Nach dem erreichen des Letzten Allzeit Hochs und die Bildung von Welle 3 am 02.06.2021 befindet sich der Kurs in einer Korrektur Phase (ABC) 0= 72.620 A = 28.910 B=? ( 55.829 - 63.322 ) C= ? ( 21.673 - 7.687)
2. Am 05.08.2021 Bildete der Kurs Welle A bei 28.910
3. Mit der Ausbildung von Welle B, rechne ich im Bereich von 55.829 - 63.322 (Gartley C)
4. Möglichkeit einer Short Position im Bereich von Welle B SL bei 65.000 - 70.000 TP= 21.673 - 7.687 (CRV, Risiko und Money Management beachten)
5. Zielbereiche der Abwärtsbewegung:
Gelb = Harmoniert mit der Elliot wellen Theorie wobei 20.360 Optimalerweise nicht unterschritten werden sollte. XABCD Wäre in dem Bereich nicht in Perfektion
Orange = Harmoniert mit der Gartley Formation, wobei 17.215 die Formation Perfektionieren würde. Elliot Welle 4 wäre hier bereits unter Welle 1
Rot = Tiefster Bereich für Seite D der Gartley Formation, Gartley und Elliot hätten in diesem Bereich keine Harmonische bzw Perfektionierte Ausübung geleistet.
6. Nach erreichen des Zielbereichs der Abwärtsbewegung, sollten Short Positionen geschlossen werden, beim verlassen nach oben aus einen der Zielbereiche könnten Long Positionen eröffnet werden.
Da hier im Abwärts Zielbereich ein sehr großer Spielraum herrscht, sollte man hier genau beobachten und sich genauestens überlegen wie man sich Positioniert.
Eine Möglichkeit hierbei wäre, dass man jeweils den Mittleren Wert des jeweiligen Bereiches (Gelb, Orange, Rot) als Einstieg nutzt, und die Zwischenräume zwischen den jeweiligen Zielbereichen als SL nutzt.
7. Take Profit Zonen:
Die jeweiligen Farbigen Linien (Gelb Orange Rot) in den Take Profit Bereichen, sind abhängig von den jeweiligen Einstiegen, aus den Abwärts Zielbereichen. (Gelb = Gelb, Orange = Orange, Rot = Rot)
38.2% Bereich Take Profit Zone 1 32.492 - 41.232
61.8% Bereich Take Profit Zone 2 47.825 - 53.098
127% Bereich Take Profit Zone 3 86.257 - 90.144
8. Elliot Wellen 5 Zielbereiche:
Ziel 1 39.264
Ziel 2 52.899
Ziel 3 72.620
Ziel 4 86.746
Ziel 5 105.834
9. Da der RSI am 05.08 nicht im Überverkauften Bereich von 30 gefallen ist, bekräftigt sich meine Vermutung das im Ziel Bereich der Aktuellen Aufwärtsbewegung (Gartley C), der RSI im über kauften Bereich sein
wird, und ein Starker Abverkauf folgt.
Ich hoffe Ihnen hat die Analyse gefallen, sollten Sie anderer Meinung sein, und oder haben sie eine eigene Analyse erstellt fühlen sie sich frei diese in den Kommentaren zu Posten.
$AMC Calls 145 Sept 17th Returns +79,067%AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of March 12, 2021, it operated approximately 1000 theatres and 10,700 screens in the United States and internationally. The company was founded in 1920 and is headquartered in Leawood, Kansas.
AMC Shares Can Continue To Rise: Pattern FormingTraders,
AMC shares stabilised and started to rise. The price is forming a good W pattern which means that it can go higher from the current level. For the bullish move, we can target the FCP zone.
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
AMC we are in a uptrend but not Bullish as of nowAMC is in an uptrend but not Bullish, We are failing to break a wall for the last few weeks and it's currently a range bound and not 100% Bullish. 7% Move higher or 7% move lower should not be considered as Bullish trend or bearish trend confirmation.
AMC $50 Breakout Soon? 1 hr Chart
As you can see, we have previously seen a 5 wave move then breakout.
We may be repeating a similar 5 wave pattern.
Above $48 range there is much room for growth.
20 EMA Bullish Cross Above 50 EMA.
MACD showing weakening downside momentum. Looking to reverse soon.
DeMarker Indicator showing gaining strength and looking to breakout soon.
Please let me know what you think in the comments. All comments welcome. Thank you
AMC breakout rejected, trading in down channel... for nowSo AMC looks like it has failed to break out of its down-channel, I hope to pick up AMC around $23 before it gets squeezed into a symmetrical triangle from the trend line going back to the sym formation at the start of this year, which led to the parabolic move up to $73.
I think we need to complete this triangle pattern before another parabolic move up, we have a few converging signals here:
- Meeting the 200 day MA which is skipping along the trendline nicely
- November 8's earning call which will hopefully give us some good news regarding BTC acceptance in theaters.
- And hopefully the end of all the Covid lockdowns, and theaters back open.
I included a bar pattern of the last move up here, with a fib retracement from its correction. If we hit that 3.618 fib up there at $541 it will be party time baby!
So long-term bullish here, although I hope the masses demonstrate diamond hands through the shakeout!
NOT FINANCIAL ADVICE - You should commit the time to do your own research before investing in anything!
Let's get into some stock trades #4 & #5 - AMC & GMEDespite AMC & GME having either bad business models given the era we live in or bad financials or a mixture of both, the meme stock craze doesn't seem to be going away. AMC currently at about 17-18% short interest of free float and GME at about 12-13% short interest of free float. Neither heavily shorted, but there is some juice. Clearly neither as short as during the major squeezes, but the charts look pretty strong.
Currently we live in a world were memes, brands, communities and networks is all that matters, and these stocks have all of that behind them. Will these end well? Probably not, but in the short term we have something big here.
Several weeks ago I put out some updates on AMC and GME, and both did drop substantially since then and then found support. I stupidly ignored my 32$ buy level for AMC and on GME I was a little more scared that it would hold 150 after it lost 180. However the current view is quite different as they are both showing substantial strength. Short term might both pullback, but in my opinion it isn't a bad idea to own a little bit of both and consider that money lost as they could both go up 200-500% from here or even higher depending on how the stock market craze progresses.
In my opinion we haven't see the parabolic rise of stock markets yet, but we might be pretty close. Before that we might get a dip which would definitely be a great buying opportunity.
AMC ready for another moon shot?As you can see AMC has formed a massive price channel. Each time it made contact with the bottom of the channel it was the beginning of a massive run gaining over 500% in very short period of time. After each run, price pulled back 50-55% and raced back to the top of the channel to repeat the cycle.
The top of the channel is ~$200
Options expire 9/17
So what do you think? Will AMC blast off to $200?
30 minute chart broke out of falling wedge pattern.