AMC Is Ready To Pounce....Golden cross is close on the daily...
W pattern on daily from all time highs...
Will Orange Resistance line....
Will play out similar to 12-21 may 21'
AMC trade ideas
What else?AMC has closed the month of august on an inverted hammer candle. Bullish divergence on the 1hr. Like that's not enough, a falling wedge appears out of nowhere.
$APE ftds caused the security to be put on threshhold. More than 2.5m shares FAILED TO DELIVER.(I believe it's way more lol)
I wanted to stop posting on AMC but things are getting pretty spicy.
So much going on around this company and the stock.
New single-stock-short ETFs are being pushed out. A way for the out of the money puts to hand over their positions to unsuspecting retail traders and investors while and all while pushing lies through media and trying make apes sell. Little do they know, the apes have removed the sell button in 2021. Bring it on!
I now believe that the squeeze will happen this month. Too much publicity will cause for retail to FOMO in and if that happens, nothing will be guaranteed. $AMC stock price will do backflips and reach stupid numbers.
Stay focused. Stay zen. See you all on the moon, my friends.
Inverted Hammer on the Monthly CandleThis is the endgame, ladies and gentlemen. This will probably be the last time I post on AMC. If the cycle plays out inverse, starting on monday the 29th, we would see a retest at around 6$, which prior to the split would have been at around 10$.
We either move up now or after the retest of 6$ which I believe to be unlikely.
In my honest opinion, I would suggest us to be in the last stages before we finally to up for good.
See you all on the moon. Stay zen.
Daily Candles on AMCDon't shoot the messenger. I am not a professional.
I think you are going to see a breakdown of AMC to about $6.15. The last three candles on the chart is a bearish formation, it recently broke its trendline and there is no buying volume. It is at a heavy resistance at around $9.70.
There is also the subject of parity with APE. Where the 2 prices meet in the middle and trade together. APE is very low right now and if there is a parity it would most likely be in the $6.50 range.
All opinions are welcome!
AnlysisHello everybody!!! How are you? Good i hope! God bless!! Today as you can see on the graph we are in an uptrend and we are not going against this trend. In addition, we have a spring effect on the support line. This means that we have a very high probability that the market will continue to rise with strength especially if we also have the break of the resistance line by a large green candle and followed by a large green volume. But, it is advisable for us to be vigilant because there can also be a reversal of the trend if and only if the vwap indicator as well as the support line are forcefully broken by a large red candle and accompanied by a large red volume. Thank you for your attention.
AMC B breakout $ we need to hold above our ascending line and above the 9$+, to confirm the bullish momentum and break the 10$+ level , in order to get 2 profit taking , around the 11.17$, and the 12.90$+.
if we broke this ascending line below the 9$, we going to see a huge short momentum to take us to the 7.70$, and the bottom of this year if we didn't hold that support is the 5.50$+.
Possible AMC BottomWhat I've done is adjust the upper trendline and illustrate the gap down. There was a prior golden long-term demand zone which has been copied down to this adjusted technical analysis.
It looks like there is a rejection off the prior upper trendline that extends back to the gamma squeeze last year. Because the RSI is largely oversold and the OBV is bottoming out, we may see some uptrend here in the short term. But importantly, this bounce is going to illustrate if we will see bullish consolidation or not.
V shape recovery for amc ape's win lizards looseUsing the Log we can see the V shape recovery... we got a little taste of what the future holds. i agree with all the wrinkle brains, smooth brains, tin foil peeps, and company management. these guys tried to sink this stock and retail was not having it. in life you find a movement and get behind it, like bitcoin amc has a culture that will not allow it to go away. it will be here for many years to come, add this to your roth, triple digit price i see. NFA. peace, one day major spike up.
AMC Flat Bottom Triangle PatternNYSE:AMC
AMC since the parabolic move May- June 2021
has been in a flat bottom triangle pattern with "touches"
on both the support trendline and the upper resistance trendline.
In the past several trading days, with the volatility of the APE special class dividend stock,
AMC has gone up to the upper line and now is now again at the $10 range.
The MACD and Relative Strength are weak. This is consistent with buying weakness
and low then selling above that.
While waiting for a true breakout of the triangle, I see a long swing setup
as buying the bottom at $10 and observing for a rise to the upper trendline
with a target of $19. I will set a stop loss below the triangle at $9.50
This would offer a reward on risk of 19X. I well realize that market
catalysts can trump the pattern anytime and assume that risk.
Go Apes !
AMC & GMEAMC & GME split frame 1 day charts with MTTC2.0 beta, pi RSI, Fibonacci VIP, ATRxxlBeta, Fibonacci MA7, Volume & PivotsHL indicator levels:
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
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pi RSI - trend momentum
TTC - trend channel
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