Summary on AMC/ DOWNTREND...!Today on AMC sellers confirmed their presence as we see on the chart:
1) Breakout by force the support line;
2) Breakout by force the vwap indicator;
3) Large Volume.
AMC trade ideas
$AMC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AMC after a Negative over reaction following its earnings release placing the stock in drift C.
ANALYSIS ON AMCAs we see on the chart we have a big probability of an uptrend...You can see the differents elements of buying on the chart...!!! thanks!!!
$AMC: Really Important Day!⭐20$ Support must be held (Ema Ribbon support), previously this level was a huge level of resistance causing a 3 month consolidation. 20$ is also a large VPVR node that needs to be respected for bullish continuation. 20.9$ is the 7.86 Fib which is a good long term retracement zone.
⭐TD-Sequential red 9 which often indicates a bottom
⭐Looks like the MFI is forming a bottom
⭐Bearish TK-Cross on the Ichimoku Cloud (Bad Signal) most likely if the 20$ level holds this should be ignored
⭐We are retesting the large bull flag. This retest must hold as support
⭐For bullish continuation we need to see a good bounce with a significant amount of volume and a daily close above 23$
⭐Daily close below 20$ is going to be bearish (Highly unlikely scenario)
⭐Options Chain looking bullish, lower levels barely have any Volume or Open Interest
*WARNING* This thread is not financial advice. I am not a financial advisor.
Trend line bounce I found a long term trend line that AMC has respected in the past. To the trading algorithms it acts sort of like a magnet for the price, either attracting or repelling. I've drawn out the Fib extensions based on past two week break out move. Including AH trading, the price seems to have fallen right on top of the tend line. I think we could see a pretty nasty bounce up from here tomorrow. Keep in mind in order to support this, we would need to see volume of around 500M in order to see a move up into the $40-50$ range.
The bearish scenario is we break below that trend line and move down to the $17 range. This would sweep premiums paid for ITM and OTM Call options.
I am not telling you to buy or sell anything. This stock is heavily manipulated through options chain and short exempt trading by brokers. Essentially the house always wins, so trade at your own risk. In my opinion, If over the last 9 months I were to take a long bet, now would absolutely be the time i would do so given these technicals. Very likely that the trading algorithms are thinking the same thing.
Good luck!
An example of buying in the case of a trading range situation You can see on the chart an example of buying in a trading range situation. The impulse method..!!! Thank you...!!!
AMC Potential LongGot burnt on last push up due to the pull back following the hault.
Chart appears to be coming to a critical point for a reversal.
IF volume comes in there may be a violent move back to the 28-30 range. OTM Debit spreads could print if they capture this move - extremely high risk. BTW if you follow RICO trades for investment advice hes an imbecile and suggest looking elsewhere.
30 - 35 strike spreads for 4/15 is what im looking at ... sell when premium spikes . dont bag. low investment - high return :0
AMC LongAMC is still on track for a B wave after this nasty day in the market. Would continue to add too positions.
AMC missing 0.681 fib level by 4 centsAMC hit today the 0.618 fib level, respectively missed it by 4 cents. My prediction for wave 3 is the move into the $41.80 range in the next 5 trading days. By the way the RSI is cooling off and the price is dropping while volume is also dropping, absolute bullish!
Make or break time ! lets go to the moon!!AMC approaching important pivot area! if it can hold above and bounce the party is not over and I may get back in for a short swing!
if we break below 18.57 we will most likely see a lot more downside! goodluck ape gang! ;)
Planet Of The Apes - The MemeficationPretty obviously memeficated stock. Markets are starting their engines and testing the waters again.
TP1 45$
TP2 NEW ATH 100$
Anything beyond that would be unlikely but not impossible. We know what memefication can do to assets.
AMC head and shoulder & filling the gapTHERE IS A 30¢ GAP FROM $20.55 TO $20.25
RIGHT IN THE MIDDLE OF THAT GAP IS THE JAN 27TH RESISTANCE $20.36 NOW SUPPORT. WE COULD TAKE OUT THAT GAP AND BOUNCE.
As far as I know, AMC has no lower unfilled gaps except this one. NYSE:AMC
Last chart didn't load, this is my re-do.
$AMC UPDATEMemestocks have once again been showing growth and signs of strength - taking a look at $AMC we can identify since price formed a double bottom at the daily demand zone there is now a potential breakout and bullish continuation coming on the 1D TF - are we going to see another short squeeze
The 4 hour ICHI cloud is about to fully reverse on AMC stockAs you can see, a 4 hour close above 19.50 will confirm a complete reversal of the bearish ichi trend that has been rejecting the price to lower lows since the 40s. I am expecting a significant rally once this level gets pierced.
The daily ichimoku is also about to confirm a bullish kijun-tenkan sen cross. The price perfectly bounced off the bottom of the red cloud support at around 17.30 today and quickly rejected further downside.
My targets continue to be 23 (next strongest resistance), 26, and 32. But I suspect 32 will come a lot quicker than many people realize due to the volume gaps at the mid 20s.
HUGE spike coming for AMC stock On the hourly we can see a clear diamond bottom reversal pattern. The breakout of the $23 level before market close was very bullish to see and the VIX FIX is flashing bottom signals.
I am looking for a very strong rally once we can break and hold above $26. The next levels will be 32 and 44. A dip to $21 is still not off the table, however.
AMC Long AMC is entering a fool's rally (B wave) going to be a strong one, but do not stay in too long. Riding it up to $29 range.
AMC Looking To Short This At $30 If It Gets ThereTitle says it all Looking to short AMC if it can get back to $30 multiple unfilled gaps far below
AMC head and shoulders could fill the gap.THERE IS A 30¢ GAP FROM $20.55 TO $20.25
RIGHT IN THE MIDDLE OF THAT GAP IS THE JAN 27TH RESISTANCE $20.36 NOW SUPPORT. WE COULD TAKE OUT THAT GAP AND BOUNCE.
As far as I know, AMC has no unfilled gaps except this one. NYSE:AMC
$AMC: Strong Bullish Divergence!⭐Broken out of 9 month falling wedge with a 6 month engulfing volume
⭐Broken out of monthly Ichimoku Cloud resistance
⭐Broken out of EMA Ribbon resistance at 20.8$
⭐Vix Fix indicator shows for the first time in 13 months a strong signal of a bottom
*WARNING* This thread is not financial advice. I am not a financial advisor.
Thank you for reading.
$AMC: 30$ Incoming?⭐Bottomed out and closed above the Ichimoku Cloud (22.7$) and we succesfully mounted the long term retracement zone (.786 Fib)
⭐Short term resistance levels, 23.5$ (Ema Ribbon) 24.4$ (EMA Ribbon)
⭐Watch for a break of the 0.5 Fib (25$) with good volume
⭐1H chart bullish divergence on the MFI
⭐Vix Fix bottom signals on 1h confirmed with buying pressure
⭐1H falling wedge pattern
⭐Red 9 on the TD-Sequential (Downtrend completed)
⭐Green 1 on TD-Sequential (1H) Beginning of an uptrend
⭐Breakout of the falling wedge (Could send us to 30$)
⭐Worst case scenario 20.5$ EMA Ribbon support
*WARNING* This thread is not financial advice. I am not a finacial advisor.
Thank you for reading.
Possible AMC Scenario NYSE:AMC
Possible scenario is that we're finishing the B leg currently as it is in a falling wedge and will breakout this week for C leg. Volume decreasing as price is dropping is bullish. PT for C leg rn is around 55$. If there is enough momentum there may be a 5th leg which would validate that this is a 5 wave impulse and pt would be around 100ish. Good luck! lmk what you guys think
Forming wedge (Bullish) springboardA bullish flag was formed at the end of march indicating a reversal which saw us push up into the $30 region before the NYSE put the breakers on, leaving us hovering in the $23 region. We are now forming a wedge for Monday. If this pattern continues, we'll springboard on retest from the $23 to $26 dollar level at this point, the resistance key levels will be $27.88 before we head back into the $30 dollar region.
Lets see if fundamentals continue to work in an unfair market.
Possible Breakout to ATH The chart and drawing should be all you need to understand what I am seeing here.
This past 2 week runup, we broke out from below the January 2021 high (Which was holding as resistance). The price was rejected at the (.382 fib level) and came back down to retest support at the (.236 fib Level). Todays candle puts us right at what looks like very strong support. Previously when above this level, we have bounced right off and continued to trend up. We will need to see volume of about 1 billion to 2 billions shares traded over 2-3 days next week to see new ATH. This volume will mostly be institutional and shorts continuing to cover short positions.
