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$AMC Swing Trade Idea - 43 Price TargetAMC has been respecting the volume shelf support and 150EMA on the daily. I like the idea of swinging calls here for a move to the upside in near future to retest the descending triangle resistance line - $43 zone price target For the longer term, watch for a break of the resistance line followed by confirmation to go long. A move below the 150EMA (blue line) I'd be looking for a good short opportunity. Can also short the triangle resistance line anticipating rejection. Chart looks like hedgies have just been having fun trading this one. Good price action for swing trading!
NYSE:AMC
by FriscoTrades
Showtime for AMC?AMC Entertainment had a dramatic short squeeze in May and June. Now it may be ready to move again following months of consolidation. The price level around $35 is the first noteworthy pattern on the chart of the movie-theater operator. That was a peak in 2015 and 2016. Holding it now suggests old resistance has become new support. Second, notice how that level matches the high-volume bullish outside day on September 30. That also lends credibility to the price area and may reflect underlying demand. Next, the current pullback represents roughly a 61.8 percent retracement of the big surge in May and June. Finally, earnings are due next Monday November 8. Management already announced that October’s box-office haul was the highest since before the pandemic in February 2020. That statement could keep the bears at bay. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:AMCLong
by TradeStation
$BTC new all-time high imminent *This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: After breaking its all-time high $BTC has now established a clear support floor above $60000. My team entered $BTC at $60500 this afternoon and have set our take profit at $72000. OUR ENTRY: $60500 TAKE PROFIT: $72000 If you want to see more, please like and follow us @SimplyShowMeTheMoney
BITSTAMP:BTCUSDLong
by SimplyShowMeTheMoney
2
BBVA bearish scenario:The technical figure Triangle can be found in Spanish company Banco Bilbao Vizcaya Argentaria, S.A. (BBVA.mc) at daily chart. Banco Bilbao Vizcaya Argentaria, S.A., better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present mainly in Spain, South America, North America, Turkey, and Romania. The Triangle has broken through the support line on 22/10/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 7 days towards 5.440 EUR. Your stop loss order according to experts should be placed at 5.8620 EUR if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BME:BBVAShort
by legacyFXofficial
Amadeus IT Group S.A.(AMS.mc) bearish:The technical figure Pennant can be found in Spanish company Amadeus IT Group S.A. (AMS.mc) at daily chart. Amadeus IT Group, S.A. is a major Spanish IT provider for the global travel and tourism industry. The company is structured around two areas: its global distribution system and its Information Technology business. Amadeus provides search, pricing, booking, ticketing and other processing services in real-time to travel providers and travel agencies through its Amadeus CRS distribution business area. It also offers computer software that automates processes such as reservations, inventory management software and departure control systems. It services customers including airlines, hotels, tour operators, insurers, car rental and railway companies, ferry and cruise lines, travel agencies and individual travellers directly. The Pennant has broken through the support line on 21/10/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 8 days towards 51.72 EUR. Your stop loss order according to experts should be placed at 61.00 EUR if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BME:AMSShort
by legacyFXofficial
AMC Setting UpAMC has been in this pennant since that ridiculous run in June that we all remember. Meme stocks popped due to reddit and robinhood retail investors taking advantage of the huge % of shorts by institutions. We saw something that has never been seen before and we may be looking at a round two, on a smaller scale however. AMC has made its 5 legged pennant (A,B,C,D,E) and looks to be primed to break out above the upper trendline, and then the resistance at the $51- $52 level. It has been obeying very close to the fib retracement levels so make sure to keep an eye on each level as AMC continues it's path in this pennant and the potential breakout. Volume is falling while price is RISING so tread carefully as this is a BEARISH divergence sign. MACD crossed after that falling wedge pattern we played earlier last week, which is a good sign. Not all signs are looking good but it is a RISKY trade. I anticipate a retest of the lower trendline, at around $39 - $40, where you can enter the trade. If it does not retest, I would watch the yellow rectangle area I drew which could be the nearest support, and best BUY area if you are bullish as well. REMEMBER: this pattern is not always a BULLISH pattern. It can turn BEARISH if AMC breaks down below the lower trendline, so tread carefully. With stocks like this, hyped meme stocks, things can go south very quickly, just as fast as they can turn profitable. KEY LEVELS: $40 - IF AMC can hold this level, I will be very bullish on this stock and will be aiming for around the $49-50 level. $50 - over 50, needs to break 52 then I believe it can fly with some injection of volume, so keep your eye on the volume. Taking some shares at this level, as a starter position. Taking my time to enter any option calls or puts. CALLS: 19 Nov 40C looks good, with over 5k in open interest (OI) 21 Jan 40C is your best bet if you can afford it, with over 29k in OI ** You can also do spreads in order to limit your risk, a vertical spread with 19 Nov 40C and selling the 45C is around $180, giving you a $320 potential max return. Pretty decent risk to return.
NYSE:AMCLong
by GringoRiley
3
GME TO THE MOON SOON! 🚀🚀🔮 LFGThe long term consolidation is fucking insane. It is wedging at a very nice form. A breakout could happen before November 15th. The SEC report stated that barely any shorts have covered...even after January's rally. (Only a few small shorts covered but not the big ones) Shorts never covered because brokers took away the buy button. Thus shorts didn't need to cover because everyone could only sell and they'd be stupid to cover. What is different about this time? People are buying actual shares in their own name... now leaving it in the hands of retailers rather than brokers. Meaning if prices go as high as 400 again, shorts WILL cover and skyrocket a shit ton even if brokers restrict trading again. What's more is that we saw a massive cup in the middle of the wedge. I may be grasping straws here but we are in on overextended handle the just needs to break the resistance for it to fly. While this is a slight stretch, on cannot deny the wedge formation is looking good. GME to 1k🚀 APES NEED TO GATHER. LETS GET THIS BREAKOUT AND FLYYYY
NYSE:GMELong
by CheckMatted
Safran SA (SAF.pa) bearish scenario:The technical figure Pennant can be found in French company Safran SA (SAF.pa) at daily chart. Safran S.A. is a French multinational aircraft engine, rocket engine, aerospace-component and defense corporation. Employing over 95,000 people and generating 24.64 billion euros in sales in 2019, Safran operates in the aircraft propulsion and equipment, space and defense markets. The Pennant has broken through the support line on 20/10/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 7 days towards 105.90 EUR. Your stop loss order according to experts should be placed at 117.22 EUR if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
EURONEXT:SAFShort
by legacyFXofficial
Visa Inc. (V) bullish scenario:The technical figure Triangle can be found in US company Visa Inc. (V) at daily chart. Visa Inc. is an American multinational financial services corporation. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards, and prepaid cards. Visa is one of the world's most valuable companies. The Triangle has broken through the resistance line on 16/10/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 19 days towards 240.18 USD. Your stop loss order according to experts should be placed at 218.63 USD if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:VLong
by legacyFXofficial
Wells Fargo (WFC) bullish scenario:The technical figure Triangle can be found in US company Wells Fargo (WFC) at daily chart. Wells Fargo & Company is an American multinational financial services company. The company has operations in 35 countries with over 70 million customers globally. It is considered a systemically important financial institution by the Financial Stability Board. The Triangle has broken through the resistance line on 16/10/2021, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 15 days towards 49.96 USD. Your stop loss order according to experts should be placed at 44.83 USD if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:WFCLong
by legacyFXofficial
BABA - HUGE OPTIONS PLAY - FALLING WEDGE + CHANNELAll, BABA is PRIMED here. Just a question of has it hit bottom. I would wait for break or daily candles conformation personally, but then i'd be all in here. This should break the falling wedge and hit the top of the downtrend channel. Huge plays here. This should take more of your attention than any small cap etc stocks. Make sure to set many alerts on this. Telling you this is worth big returns could see 180-200 by end of 2021. Especially holidays nearing etc.
NYSE:BABALong
by DigitalData
2