AMC Is Looking Juicy AMC is looking great. Once the CMI slingshot turns green again I expect us to run. Not financial advice.
AMC trade ideas
Bullish statement for AMCAMC has broken out of an ascending triangle pattern with a technical target to $24.71
Coincidently $24.71 is the line of resistance the price has been stuck under since it put in it’s all time high.
The crossover of the 21 and 55 ema on the daily timeframe is a very bullish statement for AMC. Furthermore, holding the 21 ema on a retrace will put the stock in a prime position for more upside action.
I would expect to see a retrace to $16 to test support of the breakout structure but we all know how violently it can move so don’t bank on a back test.
Not financial advice and just sharing an idea. Trade with caution and stop losses. Never trade with money you can’t afford to lose.
Good luck everyone
AMC to $$33!As $16 quickly become history and a breakout on the bullflag is confirmed. I believe AMC will hit at Least $28 this week. Good luck.
AMC bullish gartleyAs we can see AMC formed a bullish gartley and already broke above its point A, I'm now expecting a small pull back and a continuation next week up to the 1.618 fib retracement to 16.3$ at least.
Be safe out there.
Amc So I tried to short it up at the $16 range but it’s pretty much just been holding between 1470 and 1560 area. Honestly I close them out because I wasn’t up much and it was just taken too long. Looking at this like a break out of ascending triangle it could be actually just back testing the ascending triangle as new support. It’s really tough to say of course but honestly the look of it is kind of bullish, we still need to break that 1613 area and hold that I support but it doesn’t seem like too bad of a trade with a stop loss below 1450
AMC - 4 Levels of interestHello Derrrdz!! Just sharing ideas for fun and by no means is this financial advise.
Looking at AMC and I will be paying attention to 4 levels.
1. Global .236 Fibb level - Above this and I like it to the upside. Note that there is a MTF Resistance level right above which would be TP1. If breaks above that, I like entries on pullbacks.
2. Daily .236 Fibb level- Above this and I like a scalp to the Global .236. Note the TL could act as support as well.
3. Confluence Level Here - Daily .382 + WVAL + Local .786. S/L right below the Local .786
4. Conluence Level Here - HVA + ImPOC + Local .886. Tight S/L right below the .786
I can feel a tingle in my pineal glandThis means absolutely nothing even though we know the infamous pattern this stock is following. Like I said in my last post, I believe this could be the last time we see AMC below 20$ for a while. With that being said, I'm extremely bullish on this stock and I don't believe that this is a fundamentals game. Hype driven euphoria will push GME, AMC and a few others to the moon. Maybe the new James Webb telescope will be able to tell where the prices will go LOL.
Amc Although we had a beautiful run up which was a nice bullish move, one thing to keep in mind is the faster we run up the less support we have on the way down. With that being said the $16 range has been a struggle for AMC. Currently we are testing the 200 EMA on the four hour time frame which is slowly getting rejected over and over. This is something to keep in mind as we could be getting slowly push down as the 200 continues to point down. If somehow we’re able to push through then we could see a very big break, however most stocks that have tested their 200 EMA on the four hour, have failed and gotten big rejections. Is AMC going to stray away from the market and be bullish while everything else is Bearish? Probably not so for me I’m going to continue to watch it get rejected and look for my entry.
Decision time for AMCIt seams my last idea of the bear pendant has been invalidated due to the breakout to the upside.
Now printing an ascending triangle with approximate targets of :
Breakout: $25
Breakdown: $9
AnalysisAs you see on the chart we have a breakout with force the support line by a big candle with a large volume so we will have a big probability of a downtrend. thanks.
All Roads Lead To RomePretty self-explanatory. A break down could mean a visit to around 8-10$ which is a nice place to fill up our bags once again though I really don‘t see it happening. These may very well be the last days of AMC below 20$. A voyage to the end of the known universe.
Squeeze season is just around the corner!
AMC Will direction finally change?Will we form a smaller handle via 14.64ish, a bigger handle via 12.50ish or will we go bearish? Share your ideas.
AMC: fractal trackingJust a pattern repeating, at different timescales, that caught my attention.
last month or two would imply it is not going to repeat again.
last couple days might tempt one to think otherwise.
dangerous territory.
Amc Critical level here 16.13. This is now th 4th tap on this resiatnce. Each tap resulted in a drop back to lower uptrending support. Right now is around 12.65. If we do breakout this would be a large move up. Howver seeing we have been getting rejected here so often it might be a better probability of a shorting zone. Just keep in mind if we pop and hold above that could signal a big move up
GME AMC WE have a clear Breakout & Confirtmed ReversalGME AMC
We have a clear Breakout & Confirmed Reversal with both #AMC & #GME Breaking critical resistance lines.
We are now down to 9 days until Dividend split!
#AMC is breaking records daily with showings and GME just launched their NFT Marketplace!
This is Nothing short of EXCITING #MOASS
What did DJ Khaled say? ANOTHER ONE.This thing is primed to explode. Still adding more to my portfolio. I have been holding on for too long but the end is near!
The big news from CEOAdam is still being kept secret. Depending on the nature of the tweet, the price will most certainly react.
This is a long play, not a short term game.
AnalysisOn this action, we see that there is an intersection between the resistance line and the support line. In this case, the support line is more important than the resistance line and therefore we will have to keep an eye on it. However, we could have a high probability of a downtrend if the support line is forcefully broken along with the vwap indicator by a large candle and followed by large volume. On the other hand, we could also have a continuation of the uptrend if and only if the resistance line is broken forcefully also by a large candle and accompanied by a large volume. thank you.
AMC - Coiling again for a big move
Held the demand zone and ST trendline support nicely last week. +++
[*} Good accumulation volume ++
Holding above 60 VMA +++
3D MACD signal is green ++
Overhead supply around 16.5 (also coincides with the 600 DMA)
Takeaway: I like long position here or ideally, on the touch of 16.5 and pullback.
First target 23-25 (around 200 DMA)
AMC AnalysisPrice is on a downtrend. Price is building sell-side liquidity once again. Price has left sell-side liquidity from Mar 2021 - Jun 2021, sitting a lot of stop-losses. I'm expecting price to drop towards the bullish POI below.
AMC: Descending Broadening Wedge PatternIt appears that AMC is forming a descending broadening wedge pattern. I expect AMC to eventually test the top of the wedge again in the mid $20 price level before breaking out. #bullish
Another one. Please?Bullish on AMC. Still waiting for more news from the CEO. Until then, it's a step by step process.
'Honey, get the camera'Okay this basically will either be a bullflag -> breakout OR we will dip down to the trendline and bounce from there.
The CEO of the AMC tweeted out an encrypted tweet.
This is the tweet:
" I keep getting asked “Wen pounce?” Know this:
1. I always keep my word.
2. I’ve said publicly a pounce would not happen before Second Quarter 2022 earnings are announced.
3. Press release issued today that Q2 earnings to be announced on Thurs, August 4.
Read between those lines. "
- Adam Aron (@CEOAdam).
He is most likely going to release information on a special partnetship or other similiar kind of news, which will be positive for AMCs pricemovement.
Notice no2 in his tweet: NOT BEFORE EARNINGS ARE ANNOUNCED.
Notice no3: IMMIDIATELY ANNOUNCES EARNINGS (Thursday, August 4th)
And then he follows up with "read between those lines".
He is basically saying, that important news is going to be announced between NOW and August 4th that will hopefully send AMC to Uranus.
I personaly expect a red in the short term und very green in the longterm.
my pumpy senses are tingling! xD AMC TO THE MOON?solid consolidation, lovely bounces from trend support line as well, nice increase in buyer volume lately!
all we need is clear break past 16.49 now and we will have a parabolic breakout from consolidation to 19.48-22.40-30.66
