AMC seems to have bottomed out at 13.40$. The market was very slow at the start of the day. Although it caught up at the end of the day. This caused AMC to retrace to 13.40$ before bouncing to 15$. The TD-Sequential displays a red 9 on the weekly chart. This means that AMC is at a very oversold state. If the market starts recovering, so will AMC. The weekly MFI is...
These last 2 months have caused a lot of uncertainty for stock holders on the market. This has caused shareholders to exit their positions due to fear of losing capital. The stock market has had a large retracement that is now about to reverse. In approximately 1h we have the Fed meeting. This meeting is going to be crucial for the stock market. If we get bullish...
AMC has been trending in a descending channel with descending support and resistance. This channel was formed on the 8th of November 2021. The descending formation is valid due to the fact that we get selling pressure once the line of resistance is toutched causing a dip with bearish volume. The lower lines are levels of support. Notice the fact that these lines...
AMC has been having a weekly bearish trend since the june run-up 2021 which saw its stop at the 70$ 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...
Next target 300-1000 Bullish divergence on daily Time frame : Jan-March
Hey trader, please see my current idea on the AMC stock, where my count suggests a short-squeeze to the $ 7500 per share area. This is due to the fact that our wave 3 has the similar length as our wave 1 and wave 4 hasn't manage to invalidate the bullish scenario so far. A invalidation is given if we see a retrace furthermore than 50% and a touch of our wave...
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...
Good morning everyone. Past couple trading sessions was very low volume so I'm not too worried about the support break on Wednesday. What we need to see is more volume come in the stock for a push over 28.75. We do that we can easily test the $30 area resistance.
Amc has been forming a huge inverse head and shoulders pattern. This pattern is very bullish. A breakout of this pattern could lead us back to 40$. AMC has a gap in the chart at 39$ which could be filled in the near future. The confirmation of this technical pattern is a break of the neckline which is on a very critical zone. We have the neckline resistance, the...
AMC has seen a huge rally the past couple of days. This large movement got rejected by the 200SMA at the 32$ range. This is heavy resistance due to the fact that this level contains a bearish OB (Orderblock). The 3h chart indicates that AMC will remain in a bear market a short period of time due to the fact that we haven't gotten a single 3h candle closing within...
how can you be bearish on a manipulated stock like amc. It looks exactly the same as the before January squeeze.
Rejected at a heavy resistance area and fell back below TL. Currently trading below major support in after hours. If those levels hold, this doesn't have much stopping it from coming down. Be careful out there.
Remember, There is no V-Shape recovery in the market, After this much downside expect price to drop further more to $24.30 as many users enters here hoping to recover, but market makers always try to knock them out here. Be careful, its new range $26.82 - $30.93.
My view on AMC, I'm still bullish, in fact I expect price to continue up further The recovery from all time lows on AMC has been spectacular White bars pattern placed for price move expectation
Well it happened. Clean break below the bull pennant on increased volume and found support in the $33 area. This was also due to the market selling off so take all of this how you will.
All things considered, we didn't do to bad today. Next week will be crucial with how things play out with this new covid variant. But the good news is major support levels held and we closed within the pennant. If you see a defined break below these levels, I would be looking for an exit strategy. If it holds, well...hodl.
I think we will start the week green on Monday. Thoughts?
The Fed.. Scholars running the show are now, after denying the fact that the Evergrande mess was contained, are now admitting that the ramifications could spill into the U.S. Economy. The Fed.. Also sent out a WARNING that the act of holding a meme stock threatens the stability of the U.S. Financial system. I would like to point out that holding meme stocks...