AMC AnalysisPrice playing out nicely as analyzed last week, giving us a 27.91% move to the downside, filling the fair value gap. I'm expecting some kind of bullish retracement before we take the lows at 3.23.
AMC trade ideas
AMC and APE CONVERSION - Long APE, short AMCOn March 13, AMC and APE shareholders will vote to convert APE into AMC stock and will reverse split the stock 10/1. AMC has stacked the vote in favor of APE so the outcome is guaranteed.
But what will be the price of the combined stock after the conversion? There are roughly 500M AMC shares, and will be close to 1000M APE shares at time of conversion. A total of 1.5 Billion shares, or about 3x the current number of AMC shares.
APE currently trades at about 1/2 the price of AMC. ($2.40-$2.60 APE/ $4.50-5.50 AMC)
AMC March 17 put options currently are pricing AMC at around $2.50 after conversion.
I believe the correct equation for calculating the post-conversion share price of AMC is to multiply APE by 2 (because there are twice as many APE shares as AMC shares), and add it to the share price of AMC. Then take the combined total and divide by 3 because there will be 3x the current number of AMC shares after conversion. If conversion were to happen today, the combined share price would be $3.35. I think it could be anywhere from $2 to $4 when it happens. Of course the reverse stock split will cause the price to be 10X that, so we’ll see it $20-$40.
AMC has been doing lots of funky math games with their stock in order to try to get the meme thing going again, so they can sell more shares and buy down debt to stave off foreclosure. Their debt service has been more than their income. You have to hand it to them for creativity, but will it work?
Once conversion and reverse split happens, there will be 150 million shares at maybe $30/ share. AMC is planning on selling another 350 million shares, which will bring the price back down to $10 per share. If you are an AMC HODLer, that means less than $1 per share before reverse split.
Current strategy involves holding APE until conversion, while selling AMC calls. Shorting the stock has become too expensive for me, as hard-to-borrow interest fees are over 100%. I am also selling AMC puts, as I think the puts are priced overly-aggressive.
Price could end up at $2.40/$24 on March 17, but I am hoping it will be $3.30/$33 or greater. AMC will move down 2x as much as APE rises, and they will be same price after conversion. There is a $3 difference in price with AMC/APE, so APE will rise $1, AMC will go down $2.
Let’s see how this plays out in the next few weeks.
AMC will blow up!Looks, like AMC will give a powerful up move.
I see, that you can buy above 5.55$ and hope for a target 12$
.786 retracement complete on APE+AMCYou can't make this up. Perfect retest of the .786 retracement level on the AMC+APE chart. Looking for up and to the right from here!
Gotcha!Update! Almost there Apes!
Also, notice the 'X' marks the spot. I'm fairly certain there's another catalyst that day.... Can't remember though, oh well!
Stay filthy.
Y_P
AMC: Buy ideaOn AMC as you see on the chart we have the breakout of vwap and resistance so it's mean that we will have a big probability to have an uptrend.Thanks!
Continued Tracking of AMC Stock.Hello all you filthy Animals!
I zoomed this version out a little bit to get rid of the noise 4hr vs 1hr. Still tracking, but the algo flipped on my last update as you'll see in this one. We're back on track for now. I have cut the end off where the 'blast off' occurs. The Pasted Path is the time leading up to the JUNE 2021 Squeeze.
Fingers crossed it's sooner what I have here.
HODL STRONG APES!
Y_P
AMC AnalysisPrice played out according to my analysis from last week, giving us a 13.68% move to the downside. From here, I'm expecting a continuation to the downside, potentially into the bullish POI at 4.39.
AMC: Analysis: two situationsBuy after the breakout with force the vwap and the resistance line. In other hand, sell after the breakout with force the support line.Thanks!
AMC 4hr DragonAMC at a point of decision. Breaking $6.50 and dragon pattern near confirmed. Targets reaching as far as $10. From here overall channel outbreak and would not be inclined to stop there. Support at $6, then $5.8. Which would lead to nasty H&S dropping towards $4-$5 area.
AMC: Waiting for the market to make a decision.(Ignore the wick that extends to .02 its a reporting issue with Trading View) Nice squeeze, need to flip 5.5 for further upside (deviation) in which case I'll target 8-8.2 otherwise test 3.2 (Feb. 2021 lows)
AMC bounced off Fib 0.618 Levelon the retractment of the prior uptrend and appears
to be setting up a new uptrend with a K/D line cross
under the MACD histogram and rebuilding of relative volume
The last uptrend was 70% . Could this happen again next week?
Earnings were decent. Price is sitting above the support of
the Ichimoku Cloud and ready for more accumulation towards
a build of momentum.
I will play this with call options for 3/17 at a strike of $6.00
knowing the support of the fib level ( gray box on chart)
is above that. Hope for 2X ( 100 % profit) in 5 days or less.
Short interest - short squeeze potential - $$$
AMC: Buy ideaOn AMC as you see on the chart we have a buy idea because we have the breakout with force the vwap indicator so it's mean that we will have a big probability to have an uptrend.Thanks!
AMC BEATS EARNINGS Incredible work by the company manager and the board of course. Popcorn is launching and expenses have been reduced. AMC Entertainment is on its' way to clearing the debt and become profitable again.
Their credit card also will be launching soon so I'm confident AMC will not only stay a float but become a growth stock.
Very bullish!!!
AMC: Sell ideaOn AMC we have a sell idea as you see on the chart because we have the breakout with force the vwap and the support line by a big red candle .Thanks!
AMC AnalysisPrice played out nicely as analyzed last week. Price mitigated the bearish POI at 9.15 and has broken market structure to the downside on the lower timeframe. Following the bearish order flow, I'm expecting price to continue lower.
AMC Weekly breakoutAmc Arc/Fib measured move breakout touches .786 on the dot. also meets historical resistance. Need confirmation close outsdie channel ($7.10 close minimum end of week).
AMC: Sell idea on 15 minutesSell idea on AMC because we have the breakout with force the support line by a big red candle with a large red volume.Thanks!
AMC 01032023 long IdeaAMC Going long Idea
AMC bounced well from weekly support are and got some social media negative and expected to retest new support area on daily time frame which can be a good entry point. Below is trade plan
EP: 6.49
SL: 4.34
TP: 9.87
RRR:1.58
Inverse Head and Shoulders Pattern. Bullish Prediction for $AMCWhy I am bullish?:
Clear inverse head and shoulders pattern with a decisive close above the neckline on the daily chart. I am looking for a return back to the neckline to potentially add to a new long position.
Volume is about as perfect as can be with light volume around the head and strong volume on the rally up to the neckline from the right shoulder.
$AMC $8 squeeze imcoming! HSBAF$4 support has been taken out.
currently at $5
LEVEL 1 resistance @ $5.33 (fill gap from 02.01.23)
LEVEL 2 resistance @6.80-6.90 (take out YTD highs from 02.06.23)
TP @ 8.50 for strike (12.01.23 highs )
EXP 4/21/23. As soon as we get over $8.50 or even above the $7.75 range more volume will push this stock higher.
AS LONG AS WE DO NOT RETRACE UNDER $4.50 I HAVE FAITH THIS WILL TAKE PROFIT.
