$AMC Upside - Slow GrindAMC starting to get "some" wind back in the sails. This could be based on "hype" from press releases and upcoming optimism on the earnings coming due with about 3 weeks.
AMC has been issuing a plethora of bonds, so that is something else to keep in mind when it comes to Coupon Payment Dates and Maturity Dates.
For me, AMC is boxed in between the $12 - 20.00 with a "next level" target of $22-$23. BUT there will need to be extreme bullish pressure to break-through those levels.
Overall, it appears AMC is going to take more "time and price" which may require the pace of the upside movements to take a slow stair stepping pattern.
Amcstock
AMC: Be Careful of the DropAMC - Short Term - We look to Sell a break of 20.12 (stop at 22.18)
Trades with a bearish descending triangle formation. A break of bespoke support at 20.55, and the move lower is already underway. The bias is still for lower levels and we look for any gains to be limited. Daily signals are bearish. We look to set shorts in the early trade.
Our profit targets will be 14.50 and 8.90
Resistance: 25.00 / 30.00 / 40.00
Support: 20.50 / 15.00 / 10.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Rebound + BULLISH MOMENTUM RSI looks like it's bouncing, not only that but so is the price after bouncing off the strong resistance of $14. Last time RSI was this low was NOV/DEC before the January squeeze from $2 to about $5, 150%. Not saying that's going to happen exactly. But history has a tendency to repeat itself and with this low of RSI we're at least guaranteed a relief bounce. But I think it'll start the upwards momentum we have been looking for. For February Im feeling BULLISH.
The Ultimate Reversal of $AMCThese last 2 months have caused a lot of uncertainty for stock holders on the market. This has caused shareholders to exit their positions due to fear of losing capital. The stock market has had a large retracement that is now about to reverse. In approximately 1h we have the Fed meeting. This meeting is going to be crucial for the stock market. If we get bullish news the stock market should see a large bounce. I am expecting AMC to follow this reversal.
As of now AMC has been trading in a descending channel since the 8th of November 2021. This pattern is very bullish and is set to break out very soon. On Monday AMC made a retracement to test liquidity at the 14$ level. This level was the breakout level in May 2021. Old resistance becomes new support. This 14$ level bounced the price a signifficant amount with good volume making it reliable support. This level was also the .706 Fib level if measured at the breakout level of January 2021 at 5$.
At the current state i am not expecting a further retracement. AMC will in my opinion trade far above 14$ per share if the Fed meeting turns out in our favor. A slight retracement to 16.64$ might happen to confirm it as support. If we close daily and 4h candles below 16.64 i am expecting AMC to turn bearish again retesting the high 15$ range. A close above 17$ is a good sign of a bullish reversal. The TD Sequential is printed a red 9 at the 18$ range indicating that this level was the bottom. The TD-Sequential is printing a green 1 engulfing the previous candles. This is an indication of an uptrend. This move is also confirmed by the MFI consistently making higher lows. A short term resistance level is the 18$ level confirmed by a large VPVR node. We also managed to establish strong liquidity at the 16$ range (confirmed by a VPVR node). We also have resistance at 20$ (confirmed by a VPVR node). A break above these levels need to happen quickly so that we reclaim these important levels. I also noticed that the volume keeps engulfing selling volume which is a bullish signal for a potential reversal. If we got an engulfing selling volume at these critical levels i would be bearish on AMC stock. AMC also printed a bullish hammer on the 4h chart + the daily chart. This has caused AMC to close above that candle. This is a sign for a bullish reversal. If AMC closed at or below the bullish hammer it would be bearish causing the stock price to plummet.
The largest confirmation of this bullish reversal would be a 4h TK-Cross on the Ichimoku Cloud. This movement would have to be confirmed with a signifficant amount of volume. As long as the Ichimoku Cloud is being used as resistance AMC will remain trading under a bear market.
Looking at the options chain there is 25k Volume and 7k Open Interest at the 17$ level. We also have 40k Volume + 8.5k Open Interest at the 18$ level. At the 19$ level there is 21k Volume + 11k Open interest. We also got 33k Volume and 13k Open interest at the 20$ level. This options chain hints that AMC will be trading at or above these levels to keep these options in the money. The 14-15$ level are unlikely to be revisisted due to the fact that these options do not have a lot of Volume and Open Interest (3.7k Volume, 2.8k Open Interest, 15$).
If the Fed meeting goes well my conservative price target of the week is the 22$ level.
*WARNING* This thread is not financial advice. I am not a financial advisor.
Thank you for reading.
AMC Trade IdeaIt looks AMC bottom out and you can take entry if it crosses above 16.64 and hourly candle close above 16.64, if that's the case you can ride till 19.73 and take profit there and wait, If it crosses channel's middle dotted line then ride till 26.00 and take profit. but play within channel and 2 green bands for now and do not gamble big in the hope of Squeeze.
The Rise of AMC! (HUGE UPSWING LOADING!)AMC has been trending in a descending channel with descending support and resistance. This channel was formed on the 8th of November 2021. The descending formation is valid due to the fact that we get selling pressure once the line of resistance is toutched causing a dip with bearish volume. The lower lines are levels of support. Notice the fact that these lines tend to bounce the price for AMC to hit resistance.
As of now AMC has filled the gap at 16.50$. This level caused AMC to bounce all the way to almost an 18$ close. That level of support is valid and supported by a good amount of bullish volume. The daily volume engulfed the recent bearish volume which is a bullish reversal sign. We also wicked below the .786 Fib which later caused the price to have a short term bounce and we managed to close a daily candle above this Fib level. The bad thing about this is the fact that the S&P 500 dropped signifficantly at the end of the day bringing selling pressure to AMC.
We need to start pushing back up to the 20$ range which is a large VPVR node that indicates resistance. This level needs to be reclaimed as support to keep AMC moving to the upside. If all of the indexes are strong AMC should follow nicely causing a pretty decent upswing. Currently we are bearish due to the fact that we are trading below the Ichimoku Cloud and the 200SMA. I also noticed the fact that the MFI is at a really low level. Last time the MFI was this low AMC had a nice 50% upswing before being rejected by the 200SMA. The minimum price target of this descending channel is where it started which puts us at the mid 40$ range.
There is also a slight possibility that we see a short term retracement to the 14$ range. This level is the largest VPVR node which would be the strongest level of support on this chart. A touch of this will make AMC bounce 5-15$ on the same day. A retest of this area would occur if the markets see a continuation of the current downtrend. Bad news on the FED meeting could cause the stock market to continue the bearish trend which could lead AMC to 14$ causing a massive spike in the price to the upside. I am not of the belief that this is going to play out due to the fact that the daily MFI is already really low. We also got an engulfing bullish volume on the 21st of January which eliminates all of the previous selling pressure.
Looking at the options chain we have a lot of volume and open interest at the range of 18-20$. Most likely AMC will be trading in this region if the stock market doesn't bounce. Closing daily candles above these levels will cause bullish options heading in to the money which will cause the uptrend of AMC. There is a good amount of volume and open interest at the 25$ range set to expire on the 28th of January. Hopefully we reach this level so that we begin a new uptrend.
A confirmation of the AMC bull run will be if we see a bullish TK-Cross above the Ichimoku Cloud with a large amount of buying volume and the MFI making higher lows.
If the market starts to recover this week i am expecting AMC to retest the 22$ range. A break of this level and a daily close above 23$ will put us in a good position for an upswing.
As mentioned in the previous thread my long term conservative price target of AMC is 145$/share.
*WARNING* This thread is not financial advice. I am not a financial advisor.
Thank you for reading!
AMC Entertainment Analysis 20.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
AMC 600% SWING INCOMING? (TARGET 145$!)AMC has been having a weekly bearish trend since the june run-up 2021 which saw its stop at the 70$ territory.
As of now we are trading in a huge bull-flag which is a bullish reversal pattern. A breakout of this bullish pattern would cause AMC to go wild. For this breakout to be valid it has to be confirmed with an engulfing volume. The trading volume needs to close above all of the bearish volume to be sure that a big move is on the way.
At the current state we are trading below the 200SMA and the EMA Ribbons are used as heavy resistance. Once the EMA Ribbons are toutched we are receiving bearish volume which creates bearish divergence on the MFI and causes the price to plummet.
The weekly chart is looking very promising due to the fact that we are seeing a red 8 on the TD Sequential. This indicator has been very accurate on the weekly chart of AMC. Once these numbers are displayed on AMC it often causes a large swing in the price to the upside. The TD Sequential red 8 i am looking at is the previous level of AMC which is marked with a green arrow (before the huge run up). At that current moment we had "dead volume". The MFI was in a large downtrend which is identical to the current state of AMC. By viewing this i am getting a clear insight of how the stock is going to move. I am of the belief that a large run up is getting very close. It is going to be unexpected for a lot of people. It will cause a shock in the market. This upswing could come out of nowhere. I also did a Fibbonacci measurement from the old red 8 (old bottom of AMC) to the new top (72$). This indicates that the price has room to go to a minimum of 145$. At that level we will face a lot of resistance due to the golden trendline. Last time weekly chart displayed a red 8 AMC 600%.
The only thing stopping us right now from reaching higher levels is the current option chain that expires Jan 21 (2022). We have heavy options in the money with a signifficant amount of open interest holding the price of AMC in a bearish territory. If AMC manages to close the week above 21$ these options will be useless and the shorts will be screwed. Once the bullish 40$ and mid 30$ options with a high open interest start getting in the money we will break the EMA Ribbons and the 200SMA and then AMC will go to the moon!
LFG APEARMY!
*WARNING* This thread and analysis is not financial advice, i am not a financial advisor.
Thank you for reading!
AMC - Squeeze Scenario (Cycles, Patterns, Crash)(Not Financial Advice) Posting this scenario, constructed using the current (62 day Cycle) I have been tracking, as well as comparing them to both Doge's and Lucid's Cycle. This scenario also takes into account the possibility of a market crash event. The market is a bit shaky and there is a lot of uncertainty, if we see pressure start to drop the index's around April then a potential cup and handle pattern would be likely to play out, a ripple effect with overleveraged shorts on AMC, would be the ultimate catalyst imo.
AMC Looking for bounce on the weekly trend!! Not a Financial Advice !!
Our beloved ape stock, AMC, is respecting the weekly up-trend so far. We are below all the moving averages and our only support at this point is the weekly up-trend.
In the short term, I expect a bounce back to the 0.5 FIB level of the latest run.
As usual, it is almost impossible to apply TA to a highly manipulated and shorted stock as both sides of the story, Apes and SHF are refusing to give up.
I personally hold a lot of AMC and for me, it is a ZERO or HERO game.
#ApesTogetherStrong #ApesNotLeaving
AMC CEO sold another $7.1 million shares this weekAdam Aron, AMC`s CEO sold 312,500 shares on Tuesday, according to a filing with the U.S. SEC.
His total proceeds since November is $42 million.
Aron has still 2,302,760 shares worth more than $52 million based on AMC’s latest closing price, or maybe even less if AMC will fill the Gap to $16, which is possible.
After retail investors saved the company from bankruptcy, the CEO dumped a lot of shares lately as an act of gratitude.
Thanks, Adam!
THIS DIP IS YOUR LAST CHANCEAMC Apes still waiting for another bullish cycle. I believe the next coming weeks we will see AMC surpass the triple digits and maybe a short squeeze could occur. If you look at Wyckoff Schematic this was a double bottom and AMC will likely run fast into the last phases. It tend take long time before a big run up but when it does happen it goes extremely fast.
AMC "No Moon"This is what i can see to AMC, as much I would like to be wrong, there is just too much selling pressure.
The lines you see are Order Blocks and not "Supply and Demmand" the abrupt Bull Climb in May created a gap, that more then once in anything "Forex, Stocks, Crypto" its allways filled.
Shape Ratio its negative since 30 November, and keeps on going.
The reversal that everyone waits an want I dont see it before going down to 10 or iven 8. There is some recover to Happen in the next weeks towards 28.
Again im analysing what I see, not what I want it to be.
Best Regards
AMC Santa Claus rally Incoming?AMC is starting to break the descending channel that has been ongoing since the 16th of November (2021). AMC has been trading under descending resistance and descending support. That has pushed the price below the 200SMA which has made AMC enter a bear market. Right now AMC had a short term retracement to the high level of 26$-27$. Price does not want to get rejected at these levels. The price 26-27 remain strong support levels confirmed by volume. As of now AMC is looking to break the VPVR node which is located at 29.5-30$. That is a large resistance to break. Once broken witch a significant amount of volume and respected for a good amount of trading hours it will become a stong support level.
On the 2h Chart AMC is looking very bullish due to the fact that we have a bullish TK cross above the Ichimoku Cloud. This is usually a signal of a strong uptrend. As mentioned in my previous idea about AMC we are in a inverse head and shoulder formation. The right shoulder of the pattern is right now under construction almost at the finish line.
Next resistance from here will be the 200SMA + bearish OB (Orderblock) resistance at 32-34$ which could drop the price for a slight retracement back to 30$.
The MFI is indicating bullish divergence which means that AMC has started a potential reversal to the upside. It also looks like AMC has formed a good amount of support at 28.5$ which is a large VPVR node that needed to be broken today for AMC to enter a bull market. So far everything looks fantastic. I am hoping that AMC pushes to 32$ by the end of the year to put a lot of options in the money which will later push the price above the 200SMA and confirm a large upswing on AMC. The indexes are still looking strong (S&P 500, Nasdaq 100, US30) which will help AMC break resistance and enter a bull market after being bearish for over a month. In my opinion January is going to be an amazing month for AMC share holders.
My pricetarget of the inverted head and shoulders is still 40$ as mentioned previously if we break the 200SMA + the bearish OB which is at the neckline of the inverse head and shoulders.
*WARNING!* This idea should not be taken as financial advise. I am not a financial advisor.
Thank you for reading.