AMC trade ideas
Where to watch for a bounce as AMC goes lower.In its downtrend, AMC printed the most recent lower high at the $18.92 level on April 19 and the most recent confirmed lower low was formed on April 13 at $16.94. On Friday, AMC was trading down toward what will eventually be the next lower low in the pattern and bullish traders looking to enter for a bounce back up can watch for a reversal candlestick to eventually form.
If AMC closes the trading day near its low-of-day price, it will print a shooting star candlestick, which could indicate lower prices will come again on Monday. If the stock is able to find buyers and close the trading day flat or near the high-of-day, the stock will print a doji candlestick or hammer candlestick, respectively, which could indicate a bounce to the upside is on the horizon.
The bounce is likely to come soon because AMC’s relative strength index (RSI) is measuring in at about the 40% level. When a stock’s RSI nears or reaches the 30% level it becomes oversold, which can be a buy signal for technical traders.
The move lower on Friday was on lower-than-average volume, which indicates the stock may be running out of sellers, which also points toward an imminent bounce. At press time, only about 19 million shares of AMC had exchanged hands compared to the 10-day average of 34.34 million.
AMC has resistance above at $17.07 and $20.36 and support below at $14.96 and $12.22.
Summary on AMC reversal trend (downtrend)On AMC as we see on the chart the sellers have reppelled the buyers with this big candle which broke with force the vwap indicator in addition we have a large volume so the market has gone down.thanks.
Analysis AMC uptrendOn AMC we have a situation of bearish channel. Here the resistance line is very important than the support line. As you see on the chart we have a breakout of the resistance line by a big candle with a large volume so we will have a big probability of an uptrend
AMC Major Upwards Movement SoonA lot of AMC apes are worried about the day-to-day price movement. In my opinion, as long as it doesn't drop below 14.50 for more than a day, I'm hyper-bullish on a run up between now and the start of August.
Keeping calm and accepting that this could take a couple more months before it blows will do wonders to investors' mental health. Stop worrying about little drops. The stock is still within it's descending triangle. Soon, but not that soon we will break out.
Be smart. Be patient.
New Range, Who Dis?AMC's recent move to $34 established the upper limits of new trading channel. Once the market picks back up AMC will head to $40. A breakthrough of this new channel could bring $50-60 range and create the opportunity for new all time highs.
AMC at a great buy price, but keep it small.update to last post - buying swing calls on this pullback with price around 17.80. Price may move down to 17.40-17.00, based on 30min chart, so I am keeping it a small position to hold. Will exit fully below 17 or if I do not see RSI and stochastic becoming more positive.
analysis AMCWe have a breakout of the support line by a big candle with a large volume so we have a big probability of downtrend.
AMC very interesting here, low risk upside. Watch 30mOn daily, if AMC holds bottom of cloud here and 17 (yellow line), it may see buyers for another move up. RSI could move back up again and stochastic looks like it will soon come out of oversold territory (yet to be confirmed).
While 20sma is over the 50, one caution is that price has been consolidating under the 50 these past few days.
I like the 30min chart which looks like price could be bottoming for another move higher. However MA's need to start turning up a bit more.
Buying a few calls now (or stock) is an early entry. Risk is low however, as stops would be the recent low close of 17.42 and 17. I will not use the recent low as a stop because I think a break of 17 will see price head lower.
AMC Repeating Itself?Not financial advice.
It appears to me that AMC is repeating itself.
I would appreciate your thoughts and feedback.
AMC Trend Change.Taking a look at the trend resistance and support.. we now have a confirmed change of trend.. Lets keep stops loose and ride this up!
AMC ascending triangle breakoutAs markets are flippening here, AMC could see. more upside momentum here, keep in mind, its still a casino
Both sides of this tradeAs you can see, this stock is highly controlled by robots. The house always wins, so I strongly advise NOT to buy call options. It is much safer to buy puts, especially if you are holding shares long term. CALLS on AMC 99.9% of the time will expire worthless, even if they are cheap.
Bear situation, we break down below fib level. That's it this stock is finished.
Bull situation, we trade sideways on low volume, Not sure how long, but if we hold at some point there will be a bounce. It will need an incredible amount of volume to break it past the resistance levels. Volume meaning 500+ million shares.
This is a dirty game. Do not waste money on call options.
BULLS LOOKING TO TURN THE TABLE in AMC There is a considerable potential we witness a substaintial reversal on AMC ,there is a high probability the Bulls take the lead on this stock .
$AMC: Bullish Reversal Incoming?⭐4H chart huge falling wedge
⭐Target of the falling wedge is 34$
⭐7.86 Fib level mounted as support (17.5-17.3$)
⭐20$ Resistance confirmed by EMA Ribbons and large VPVR node on the daily chart + 4h
⭐4H MFI bullish divergence, primed for a large bounce
⭐Strong bottoming signals on the daily chart, TD-Sequential red 9 + Vix Fix indicator. We barely wicked below the Ichimoku Cloud which is bullish. A daily close below the Ichimoku Cloud is bearish.
⭐Descending Volume while price consolidates is bullish
⭐Break and hold above the daily Ichimoku Cloud = Bullish
⭐Right now a daily close above 18.5$ is needed to confirm the bottoming signals
⭐Options chain looks bullish, a weekly close above 20$ is likely.
*WARNING* This thread is not financial advice. I am not a financial advisor.
Thank you for reading.
AMC Rinse & RepeatNot long till we see some confirmation of either a break up or another leg down but if the head & shoulders pattern plays out then perhaps we see the upper regions of $20 - $21.
AMC trend reversal confirmation we got rejected at 33.89$, we didn't hold our support above the 25$, and bear wear in control, now we want to confirm if we ready to reverse , which will be confirmed the moment we over come our resistant around the 20.90$, and hold 4h candle above it, other wise the bears momentum will continue too drive the price low, till near the 11$ support area, or above the 10 the psychological level .
AMC vwap pull back make boom boomDay 1: Wallstreet apes
Apes seem to keep chanting "AMC rocket go boom" and drawing this chart none stop.
likely path for AMCWith the SHF in control this is a likely path for AMC in the short term. I dont see a catalyst that will break the algos ability to keep this down. I think we see a small run up now to the top of the downward wedge just to collect some options prems and then cascade it back down lower yet again. All in hopes of crushing the spirt of the AMC retail investor.
Buy AMCOn AMC we have a breakout with force the vwap indicator by a big candle with a large volume.. So we have a good uptrend..
Bullish Divergence now confirmed.. Long positions are taken. With the constant downward pressure the trend signalled a change as we broke the trend line. The selling pressure is yet to catch up with the move and we have now confirmed the divergence on the RSI indicating that the selling is now losing to the buyers.
