AMC AnalysisPrice played out nicely as analyzed, giving us a bullish retracement and now coming back down following the bearish order flow as expected. From here, since price has swept the liquidity above 4.78, I'd like to see a clean break below 4.01 for price to continue lower. If not, I'd expect price to consolidate for a bullish break of market structure.
AMC trade ideas
Hammer on the weekly and a real tight bollinger bandWe just printing a bullish hammer on the weekly, not dislike the one we printed before the big run. I also noticed the weekly OBV showing a similar pattern as well, where it goes up then pulls back before the hammer.
If you turn on the bollinger bands on the weekly, you'll also notice the tightest range ever seen on AMC - indicating extremely low volatility - which is typically followed by a big move. (this chart is a logarithmic chart so i couldn't show the bollinger and the hammer at the same time).
Have a nice weekend!
AMC - Price fell below all time lowAmc is not looking good. Price fell below its all time low of $10.35 on the monthly time frame, and is currently at $8.62.
Amc tested this level several times in 2020 (orange horizonal line,) but never did it close below this level.
There's 22 days left in September so there's still time for price to close above $10.35.
If price closes September below $10.35, we then would need October's candle to also close below $10.35 to confirm a possible fall into no man's land.
I call it no man's land because there's no support under $10.35, and price could literally fall into the pennies. Not saying this will happen, but with no support left, AMC needs to close the month over $10.35 to get out of this quicksand.
Looking at the RSI and Stochastics, when both indicators dipped below their white horizontal lines at the same time (purple circles,) this was a good time to accumulate.
Both accumulation periods resulted in over 50% rises.
Currently the Stochastics has started to break below the 20 level, and momentum is falling. Also RSI is not far from over sold territory, marked at the 30 level.
The reality is if both of these indicators dip below their white horizontal lines, price may also continue to free fall.
AMC AnalysisPrice played out nicely as analyzed last week, giving us a -15.59% move to the downside. Since we are currently in an all time low scenario, avoid catching the falling knife and wait for a bullish confirmation before going for a long. I'm still expecting price to continue lower from here.
Intuition Stock AMC tgt $19Ok, believe it, or not, I did get AMC as a stock to "pay attention to" when I mentally asked for one from my intuition on Monday.
I don't follow this, and wasn't even sure where it trades, but the number 8 came in pretty strong, followed by the number 19. I thought the timing of receiving it was neat because it had earnings in only a few days, which was last night.
My little intuitive symbols on Monday showed a down and then up, so I figured I'd watch and see if it got to $8.
When I finally just checked on it, it was down this morning 19%! The low in premarket? $8.00 even. It's recovered some, but still down almost 14% atm.
My follow-up with dowsing indicates the "big idea" and "best idea" is it's "safe and profitable to buy" (twice!). Last time I got that was on 10/26-27 asking about the Qs or SPY. We know how that turned out.
It's suggesting I get a date, which is December 18th (Mon.) and I think that's the trade exit. I'm not very practiced with dates for entries and exits though, and when I try them, it's often not the actual entry. It can be news or some reversal, however. Maybe it's be correct this time, who knows? I would definitely give this some time to play out though, and expect the $8 area to be support.
AMC now versus Solana summer of 2022 dropSolana bars from summer of 2022 to present overlayed with AMC.
I remember when Solana tanked to 8 bucks and wondered if it would ever recover.
Now, AMC is showing the exact same trend and it has people feeling the same way I'm sure.
I sure wish I had bought Solana for $8...
Good luck folks!
It's allll good (perhaps)Above you can see AMC's 4h chart.
As you can see, we have broken above the heavy macro resistance , which dates back to April '22. We even retested it and found support today.
No dates, no price targets. Just showing you the TA I'm seeing here.
RSI is also oversold on the 4h and volume is picking back up.
AMC AnalysisPrice did not play out to my last analysis of filling the FVG at 9.61. Price is consolidating since my last analysis and is showing bearish order flow so far. I'd like to see price breaking market structure to the upside, starting at 6.84 and price respecting the newly created bullish OB before we see price reverse from here.