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
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Amcstock
AMC next leg up | Road to $100 a sharethis is what I believe the next leg could look like, I expect further sideways action as we hover above the daily 200 EMA. We could make another move up to $30 next week, again not financial advice just what I believe will happen next & wanted to share my thoughts. LFG APES
AMC NYSE Black Mountain Analytical Team:
AMC 3 possible scenarios
Wait for the price reaction to the area and zone.
We will wait for the price reaction to the Resistance line and the static Resistance range. After the price reaction, we can enter.
We are currently monitoring it to catch it in the first price movements.
TREND LINE-Resistance area
AMC squeeze target this weekwe started our squeeze the moment we broke from our ascending line on the 22th of march at 17.77$, yesterday we tested our resistant at 25.50$, and we got rejected with 2h candle, then over come it, now it's out support the 25.50$ , we need to hold above it to confirm the bullish conniption till the 33.87$.
the 20.80$ should be the last support or bottom for us , cause any price drop below , will confirm a sell off, and end to our bullish momentum.
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tiny.one
AMC Squeeze PredictionJust a quick chart comparing last year's run with this week's price action. If we are only looking at price action, one can assume we are in day 1 of 4 of a prior run-up cycle showing the top to be on Thursday March 31st 2022.
Not Financial Advice - Not a Financial Advisor - Entertainment Only
AMC breakout targetwe had a breakout yesterday from our descending line , and closed above it , now to confirm the bullish continuation to the 25.50$ level, we need to hold above our current support which is the 17.77$, and the first test will be around the 20.80$, which we already test it in the premarket .
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tiny.one
AMC & Ethereum Classic CorrelationI believe institutions are using Crypto for the purpose of leveraging their positions on meme stocks.. like AMC. Ethereum Classic, is one that has been extremely correlated with AMC's price action lately. As you can see here, ETC started leading the way in February of 2021, and shortly after it dropped, AMC began creating the same patterns. They were traded against each other up until November 15th, when they started tracking identical (in time). In our current state, both seem to be very correlated in pattern movements; they are still tracking identical. However, I believe things are about to change. ETC is up 20% today (Saturday March 19th, 2022). I think this upcoming week we will start to experience their correlation (in time), slowly stray away from one another. The pattern tracking will continue, except, it will occur on different time frames. This process would allow the institutions to, once again, trade the two against each other in preparation for the next runup, or.. the squeeze. If true, the manipulation of AMC would seem inevitable.
AMC - Finding Bottom SupportAs I mentioned in an earlier post, AMC seems to me to be near a support point at this price. I think it could drop lower than the 13.40 mark but that should prove unlikely. If it does look for new Support near 8.0 More likely, it will find support at this stage and trend back up. However, seeing AMC move higher than 30.0 would in my opinion be surprising. This stock will not see the booming gains as it did in the past. So, I would place Resistance at around 30.0 for now.
Be mindful. ANY stock position is vulnerable to geo-political actions by Russia, China, or even Iran. The world stage is set for conflict. Any kinetic action by other nations would have a negative volatility influence on the markets.
These statements are not suggestions for holding positions. They are my own analysis thoughts. I do not hold any position in AMC.
$AMC short sellers target we didn't hold above our support the 17.77$, now we should hold above our ascending line above the 15$ if we don't see the continuation of the selling momentum till above the 12$ where we going to see huge buying pressure again.
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AMC Distribution WyckoffHard to watch. This is a UTAD, which means end of Distribution. AMC has been going through a distribution since a June 2021 run-up. There is heavy ownership by big institutions and retail. The question is if the Institutions are lowering the price to get it cheaper to MOASS, or if they're lowering it to get out of the play completely?
AMC Entertainment bounced from the supportAfter a perfect touch of the strong support area:
AMC bounced back to the resistance.
The option market has mixed feeling about this area, slightly bullish though.
I think it`s a good consolidation range for accumulation.
Looking forward to read your opinion about it.
$AMC price reversal AMC hold strong above our resistant 17.77$, now we need to hold to confirm that we are in accumulation phase, and that confirm the breakout to our strong resistant at 20.80$, after we break it we will find huge resistant to be tested around the 25$.
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tiny.one