AMC Friday $ Target we need to continue to hold our first support above 23$+, in order to confirm the breakout from our resistant around the 26.70$+, if we did we going to have a test for the 33$ price level .
on the other hand if the short are heavily shorted AMC , we might have breaking for the 23$ SP, but we need to hold above 19$+, to show us that AMC still in Bullish momentum to reload and retest the 26.70$, breakout zone the next week.
Amcshortsqueeze
AMC - Will the algos play in our favour?As seen in the chart, we can mark out historic fractals that look to repeat themseleves over different lengths of time.
Fractal theory has been around for a long time now and no moonshot predictions have come to fruition. This is soely my own theory and should not be taken as finacial advise!
- AMC has shown strength in holding the bold white trendline support from the lows of 2021.
- AMC has regained an important support level in the 14.50 region.
- AMC continues to improve fundamentally, we should have good earnings this quater with the amount of high grossing films that have released. Also a good start on debt payment and investment in other companies.
- Retail is still strong and continue to support and hold AMC stock.
Blue fractal box includes our march spike up to 33$, i believe this is the same move as the january squeeze but we were pinned back.
We are now in the purple box which follows Feb - end of March 2021. After this we have a small pullback from which we experience our next run. This also lines up with my wyckoff analysis on lower timeframes where we look to be in a micro SOS. Im hoping we continue our momentum up to 20$ before a small pullback which would be BU/LPS. From here we can experience a pop like June 2021.
PROBABLY WRONG, NOT FINANCIAL ADVICE, ALL MY OWN OPINION!!!
$50 is possibleWell, let me tell you what is going to happen, $AMC is going to $50, the dividend $APE share announcement will make this going to ths starts for the same people that was stopping it just because if this doesn't happen before August 19 the will have to pay to all the synthetic shares the dividend. They will send this high to see a lot of people selling and getting out.
After a Break, there shall be Light. The APE dividend is coming as a 1:1 non-dilutive "split". Every single one of the roughly 500million shares will receive 1 $APE, priced at 0.01$.
What if, let's say YOU hold 1000 shares of AMC. Later this month the dividend will be distributed and you surprisingly only receive 300 $APE.
Where are the remaining 700 $APE shares? Is it possible that you only held fugazi shares that looked like real ones? Where would the missing $APE shares come from?
Would your broker buy them back at market price to provide for the missing shares? What would that mean for the price of $APE? Who would be accountable of such a mess?
And what if they try to provide those missing shares, only to realise that the price of $APE has exceeded the thousands?
What if someone already knows about this and decides to cover the shorts before the dividend is distributed to avoid being proven guilty?
What if?
AMC - APE stock splitSo AMC decided to do a clever trick and take advantage of the hype coming back into stocks and even meme stocks. Retail traders have taken a hit, with many retail-heavy companies like Gamestop, Coinbase and Robinhood, etc., taking massive hits. However, GME has been doing well, COIN doubled off its lows, and HOOD looks decent.
As stocks are bouncing and the bull could be back, AMC decided to do an intelligent stock split by issuing new preferred stock they can sell. They named it APE, like the Apecoin, a popular NFT-related token, which could create a lot of hype around it. Essentially, it is a trap for retail to go and buy APE without hurting the price of AMC as much and allowing the company to raise the cash it needs. Last year, AMC dumped all of the company shares onto retail on the way up and raised 2B dollars that it has essentially spent and needs fresh cash as it still has a lot of debt. At the same time, they made this look like an airdrop, and it is like an airdrop, but one in which the company controls the majority of the shares.
The company's price looks pretty good regarding TA, as it bottomed nicely. First, it had an 86% correction, which means the entire bubble popped, and there is no froth in the market. It retested some key levels and then reclaimed some key support levels. Since May, it has essentially been in accumulation mode, and today we had the confirmation of the breakout, as the market initially gapped down and then had a massive rally. In my opinion, this rally could last for a while, with the price increasing to 50-60$ before it goes back down again. It wouldn't be surprising if we saw the market go up for the next two weeks and top close to the date of the airdrop/split (22nd of August).
AMC Potential Breakout ScenarioAMC has been trading within this macro falling wedge for a while now and has also formed a smaller symmetrical wedge on the daily timeframe. Price is attempting to breakout from both patterns and if it does we could see a huge move to the FIB golden pocket as seen in late march. PT 26.78- 30 usd. A rejection would send the price back to the bottom of the pattern for another cycle.
Not financial advice :).
AMC Breakout $ Target we going to confirm if this not a fake out if we hold above the 16$, or above the breakout triangle , first resistant we going to test is around the 20.50$, and the second one , which is the squeeze level as well if we broke it and hold above , which is above the 29$+.
NYSE:AMC
Pray to your Gods for this is not a human matterI expect sideways movements for a day or two. After that we should be seeing 19-21$. If support holds, which I‘m sure it will, we are on our back to 28-32$ range. Everything beyond that is pure speculation. No one knows how high this will go. After extreme pressure from mainstream media trying to shake us off, I believe even more that this will be a once in a lifetime oppurtunity to redirect many of our lives. This is far beyond simple TA. This is far beyond anything we can imagine. In the end, the diamond hands will chose their price since there is no limit on how high a stock price can go. Market cap is an illusion.
Youtubers who have been known as the faces of the Shortsqueeze movements are turning away. Probably paid off to make us sell at 270$ LOL. We didn‘t come this far to sell at brokie numbers. I genuinly believe we will surpass the 270$ prediction by at least a 5 fold. Even if there is no limit, especially with a short squeeze of this magnitude, weak hands will fumble the bag hard by selling too early.
Stay strong. Stay focused. Stay zen.
Ape out.
Break $72.62 and minimal target is $111If $9.70 is the low now and we can break $72.62 the price targets we can look at are below based off Fibonacci retracements. Fib levels are in brackets
All time high (1) $72.62
Bottomed out (0) $9.70
To validate the price targets below AMC must breakthrough $72.62
In the previous cycle $72.62 was the 4.236 fib extension level taken from its previous cycle top and bottom. So there’s no reason why It can’t reach the 4.236 again.
(1.618) $111.50
(2.618) $174.42
(3.618) $237.34
(4.236) $276.23
I do believe AMC behaves as in a crypto type cycle with bull run tops and bottoms.
If you’re unfamiliar with Fibonacci extensions I highly recommend watching some videos and doing some research on them because they are pretty much the reason prices land where they do.
I can feel a tingle in my pineal glandThis means absolutely nothing even though we know the infamous pattern this stock is following. Like I said in my last post, I believe this could be the last time we see AMC below 20$ for a while. With that being said, I'm extremely bullish on this stock and I don't believe that this is a fundamentals game. Hype driven euphoria will push GME, AMC and a few others to the moon. Maybe the new James Webb telescope will be able to tell where the prices will go LOL.
'Honey, get the camera'Okay this basically will either be a bullflag -> breakout OR we will dip down to the trendline and bounce from there.
The CEO of the AMC tweeted out an encrypted tweet.
This is the tweet:
" I keep getting asked “Wen pounce?” Know this:
1. I always keep my word.
2. I’ve said publicly a pounce would not happen before Second Quarter 2022 earnings are announced.
3. Press release issued today that Q2 earnings to be announced on Thurs, August 4.
Read between those lines. "
- Adam Aron (@CEOAdam).
He is most likely going to release information on a special partnetship or other similiar kind of news, which will be positive for AMCs pricemovement.
Notice no2 in his tweet: NOT BEFORE EARNINGS ARE ANNOUNCED.
Notice no3: IMMIDIATELY ANNOUNCES EARNINGS (Thursday, August 4th)
And then he follows up with "read between those lines".
He is basically saying, that important news is going to be announced between NOW and August 4th that will hopefully send AMC to Uranus.
I personaly expect a red in the short term und very green in the longterm.
AMC Technical Breakout incoming.I'm new to charting and to TA in general, as well as the entire market, only been in it for about 9 months. Just started learning TA about 4 months ago, so bear with me. But, as seen in my chart I do see a major technical breakout incoming, it should break this wedge on the 4th test upwards of the resistance line, break it hopefully, and upward skies from there!! not too, too many resistances holding us back from mooning if we break these next two resistances! Any and all advice, opinions, or comments are welcome, just no hate, don't got time for that. Thanks y'all :)!
Was AMC a corrective five wave all along? I have decided to reset my elliot chart on AMC and start again. It is mindboggling to think that I could have missed something simple that has been under my eye all that time! AMC looks like it has been in a corrective five wave supercycle. After the end of the fifth wave, we seem to be in a cumulation phase triangle. A STRONG BREAK OUT OF THE TRIANGLE WOULD BE HUUUGEE. AMC may drop in the short-term, but the long-term looks BULLISH.
AMC bulls are back in town AMC
Short Term
We look to Buy a break of 10.48 (stop at 9.53)
The trend of higher lows is located at 10.33. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected.
Our profit targets will be 13.86 and 15.50
Resistance: 14.00 / 16.00 / 30.00
Support: 10.50 / 7.50 / 2.20
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