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Amcshortsqueeze

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 BreakdownWe can now see a clear head and shoulders pattern executed on the weekly time frame. The stock has bounced slightly off the 55 weekly moving average currently finding support at around $29 which was the previous swing low from August. The technical target from the head and shoulders pattern would bring the price to around $16. Levels of support : If we fail to hold support at $29 and lose the weekly 55 moving average we have $20 which is a previous swing high as labeled (top of previous pendant wick) and $14.33 ( previous swing high from first pendant.
NYSE:AMCShort
by Cryptarded84
7
FCEL BuyI'm looking at a second buy on FCEL with the potential for a nice gain. This is following my strategy requirements and it is also showing us some hidden bullish divergence also. Price has provided a nice discount and I'm looking to buy at market open. I will wait for a nice bullish candlestick pattern before confirming my entry into this trade. This is just my opinion and idea for a stock, and this is not financial advice. Let me know what you think and let's see what happens with the trade tomorrow.
NASDAQ:FCELLong
by KingRondo
AAL BuyI'm looking at a potential buy on AAL with two potential entries. This is following my strategy requirements and this company is a very good long-term hold, in my opinion, if you get in at a discounted price it will be worth it as long as you sell before the potential market crash. This stock should go back up as vaccination rates climb, so it should be decently safe for a long-term hold if you decide to do that. You can also look at this for the short term and treat it as a day trade because it should just continue ranging until it breaks up higher (if the market agrees with my analysis.) I'm simply going to enter when I see proper price action, if I can get something like a bullish engulfing pattern to show me confluence with my entry then ill go for the trade. If not I might just leave this thing alone. This is just my opinion and idea for a stock, and this is not financial advice. Let me know what you think and let's see what happens with the trade tomorrow.
NASDAQ:AALLong
by KingRondo