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Cinemas

Cineworld: A sad ending to this film Cineworld Group Short Term - We look to Sell a break of 25.37 (stop at 28.52) Trades with a bearish descending triangle formation. A move through 25.50 will confirm the bearish momentum. The bias is still for lower levels and we look for any gains to be limited. Trading has been mixed and volatile. Our profit targets will be 17.68 and 15.10 Resistance: 26.00 / 27.00 / 40.00 Support: 20.00 / 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.
CShort
by Saxo
CINE - Cineworld due for a bounce from these levelsI've been accumulating this stock since the 60s slowly and now I believe it's at the point where it is due for a good bounce. It has just broken SMA100 level which was acting as resistance previously. Currently, SP is trading above SMA 10, SMA20 , SMA50 and SMA100 MACD indicator going positive Money flow going green too. Also, momentum has gone above 10 All these indicators are extremely bullish and overall it's breaking out of a falling wedge pattern. From a Financial perspective - Cine World had 698million profits which dropped to -529million GBP in 2020 pandemic levels. I am anticipating a good recovery towards the Christmas run-up as there is a backlog of many movies which were not released during the pandemic which should help reduce financial losses of 2020 as economic activity opens up and people start going to cinemas more. The support level which needs to be held is SMA100 which was previously acting as resistance @ 75.20 The next resistance which was rejected today is @ 80.49
CLong
by Jontripathi
Will AMC do what GME did?One of the largest theater chains in the world took a beating with their financials due to this pandemic. If you are optimistic and enjoy the cinemas, you could think that with vaccines and a possible healthier post-pandemic world, where everything goes back to normal... that AMC can recover. Which is certainly why I have this in my long term investing portfolio. However this is very risky as they are on the brink of bankruptcy, a major business plan revision would be needed. Now... recently it was up nearly 7% Friday with no related news to the business... over 100 million volume came in (3-4x avg vol), this could be the pump situation that happened with GME and we could see a big move coming shortly so this gives couple lotto options that i would consider 1) Buy shares here, sell at the possible resistance I have on the chart or ride it up to my pt (medium risk: low reward) 2) $1C for 1/2023 now around 200$ (I'm already in, low risk: high reward leap) 3) $3C 1/29 .42 lotto or $5C 1/29 .23 (low risk: high reward) Disclaimer: Im not a financial advisor
NYSE:AMCLong
by jUiCE_Trades
17
Cineplex Inc - Daily - Long OpportunityAfter the coronovirus outbreak and lockdown, this Cinema stock has lost almost 80% of its value and has found its support at 6-7$ per share. Additionally note that the price has just broken and rejected the 50 Moving Average as confirmation for a long entry. This is a massive long term opportunity, the company financials appear to be solid with constant growth and good free cash flow position in pre-covid period. Always keep in mind it is a game of probabilities!
TSX:CGXLong
by SCV_Trading
MOVIEBLOC (MBLUSDT) ⚠️ The One Alt Setup Everyone May Be Missing💬 MBL looks like it is gearing up for a run. There are a few things that look promising here. First, price has generally been moving up since May when it began to break its bottom range and started forming these higher lows. Second, and more importantly, the price has been grinding up in a solid and steady uptrend as highlighted in the Yellow box. Betting on a retest of upper resistance could be profitable given the current price action, while a breakout of R2 resistance could bring substantial upside but we are not concerned with anything that euphoric. Let's look at some levels. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: S1: The S1 Orderblock is where we'll want to find support for this chart to keep standing out. Retesting above or at S1 keeps our higher lows intact while showing strength by respecting a pre-established support level. More than a wick below this level would make this chart uninteresting. Resistance: R1: The first point of resistance is the R1 range highs which can be seen acting as somewhat of a pivot point for price right now. Failing to break this level could be a bad look given the amount of times it has been tested, although as noted we can still find footing at S1 if needed. So a rejection at R1 that brings us to S1 before a move up is not only nothing to worry about, it is ideal for catching an entry. R2: Our target and the most likely place to find resistance on the chart is the R2 Oderblock range at the previous distribution top. ----- Summary: MovieBloc might not be the project on everyone's minds, but this chart looks good. Front running S1 with a target just below the R2 Orderblock makes a lot of sense. Although with that said, the recent strength has us wondering if MBL won't just keep running past R2 once it gets there, only time will tell. Good luck everyone and ensure you are practicing proper risk mitigation! Resources: coinmarketcap.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
by AlphaBotSystem
1