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AMC ENTERTAINMENT HOLDINGS INCAMC ENTERTAINMENT HOLDINGS INCAMC ENTERTAINMENT HOLDINGS INC

AMC ENTERTAINMENT HOLDINGS INC

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AMC trade ideas

AMC: Triggered our REVERSAL SIGN! What’s next?• In our last analysis, we nailed the top on AMC, as it triggered its key reversal points. In addition, it is way below our original target – the link to my previous public analysis is below this idea; • Now, AMC lost our first target (21 ema, daily chart), and it ignored all of its retracements, including the 61.8%, the last mid-term support level; • Is there any bullish reaction on AMC? Not at all. What’s more, even if it reacts, the 21 ema and the black line at $6.80 are key resistances, and AMC could just bounce to this level to drop again afterwards, since there’s no clear bullish reversal structure on it; • The next support is at $5.05, and if we don’t see any meaningful bullish bottom sign, that’s where we are heading to; • What kind of bullish reaction on AMC could make it bounce again? If it does a bullish candlestick closing above the previous day’s high. This would be a good start. I’ll keep you posted on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
1
AMC: We nailed the BOTTOM! What to expect next on it?• Last week, we nailed the bottom level on AMC, and it exploded since then, as it broke our resistance at the blue area – the link to my previous public analysis on AMC is below this post, as usual; • Now, AMC is in a short/mid-term bull trend, doing higher highs/lows in the 1h/D charts; • Since it is a bull trend, in theory, it is heading to the next resistance at $10.75, as we already mentioned last week (last week we hit $9.15); • Although the trend is bullish, it seems AMC is doing a pullback, and in this case, the 21 ema in the 1h chart along with the blue area are going to work as support levels; • What if AMC loses the blue area? Then it’ll probably seek the 21 ema in the daily chart around $7.30s; • For now, AMC has been behaving as expected. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
AMC: The MOST IMPORTANT support levels to work with!• Since our last analysis, AMC has been respecting the 38.2% retracement. It hit the retracement at least 5 times in the past two weeks; • Originally, I thought the 50% was the most powerful support (after all, it is a dual-support level), but the 38.2% is a dual support level too, as the 21 ema finally got there; • This is a classic time correction, when the price moves sideways, until the 21 ema catches up with it. This is different than a price correction, when the price drops to hit its previous support levels; • All of this means that AMC is quite resilient, and as long as it stays above its retracements, the bullish bias will persist – only if it loses the 61.8% I see it below $5 again; • Right now, the key resistance is the blue area. By breaking this ceiling, AMC would seek the next target, around $10 again. I’ll keep you updated on this. Remember to follow me to keep in touch with my analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
AMC - Bullish Trend to ContinueAMC price has moved back up into the mid $7 range after recently dipping below $6. This upward trend included a potential break-out on 11/11, and this upward trend is looking like it could continue based on technical indicators I watch. The regression trend midline as presented is providing support on the daily and prior to release of APE this stock had significant price support in the mid-$7 price range. Stoch RSI a tad high but has cooled off slightly, and the stock price could easily continue to move up from here. The Volume Accumulation % has turned bullish as buyers appear to be taking over and the MACD is about to flip above zero. The MACD going positive has resulted in substantial price gains the last two times it has occurred. Price may want to retest the break-out early next week. Will look at the Option chains on a back-test or pull back for a potential good options play next week. Will likely also look to add to shares. Given the overall chart dynamics, technical indicators, and a uber-resilient OBV, seems to be a fairly low risk entry. Further, have to wonder what the on-going demise of FTX and the associated AMC stock tokens traded on that exchange may have on the price. Not financial advice.
NYSE:AMCLong
by Akksujean
AMC: What if it CORRECTS? Watch these Key Points!• Since our last analysis on AMC (link below this post), it did a powerful around our support level at $5.47. In fact, AMC did a classic false breakout after earnings, just to squeeze the bears in a bear trap; • Now, AMC broke our target at $6.80, and it is doing a top sign just under the blue area, a key point that did work as a support/resistance in the past; • In theory, AMC is supposed to correct from here, and in this scenario, the retracements would be our next support levels; • The 50% at $6.80 (our previous support) seems to be the most powerful support, as it is a dual-support; • If it loses the 61.8% AMC could easily drop below $5.50 again; • Any bullish reaction near its retracements could present an opportunity to buy. Either way, if the bull trend resumes, the next resistance above the blue area is the $10.75. Remember to follow me to keep in touch with my analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
1