AMC- Top out around $9.70I see this topping out around $9.70 before dropping back down to fill a tiny gap around $2.31. Remember, we're still in a bear market. No MOASS happening here. Trade accordingly.
AH91 trade ideas
AMC this week
if AMC can hold 7.1 area as support, i think move towards 8 resistance.. if very strong $10 is also possible
AMC Share to its Lowest Level Since 2021AMC's share price is on a zigzag path dominated by a sharp bearish tone in general. As the AMC share price reversed from the narrow ascending channel that extended from mid-October to the end of October, and now it continues to record its lowest levels during the current year. Meanwhile, AMC stock is trading below the short and long-term moving averages in a severe bearish sign.
Now, on the daily chart, the RSI indicates that the AMC stock has now reversed a bit from the oversold area but it is still within the negative territory and we may witness more decline before rebounding from this area. Accordingly, if the AMC share price declines below the level of $5.17, we may witness a return to the price of the AMC share to levels we did not witness from the year 2021 at the level of $4.61.
On the other hand, if the AMC share price managed to recover the $5.85 level, then we would target a return to the $7.25-8 level.
While fundamentally, for the third quarter, AMC company incurred an adjusted loss per share of 22 cents versus 26 cents and revenue of $968 million vs. $961.1 million forecasted. According to Refinitiv survey.
AMC: Bullseye! What's next on AMC?• Since our last analysis on AMC, I warned about a top sign at $6.80 (link to my last analysis below this post);
• Now, AMC hit our target with an astonishing precision, and we see some reaction. Could this be a bottom sign? Maybe.
• It all depends on how it’ll react today, and earnings won’t make things easier. If it loses our support at the red line, AMC might retest the $3 area again;
• However, it is trying to do a bullish candlestick today, indicating a possible bounce to our previous resistance at $6.80, and AMC would easily get there if earnings are good (or if the market perceive as good);
• Either way, AMC looks good as it has plenty of upside/downside, regardless of what happens next. Let's just pay attention to the key support/resistance levels seen on the chart above;
• I’ll keep you guys updated on this.
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AMC AnalysisPrice played out exactly as per my previous analysis. The bullish POI at 6.59 has been taken and I'm expecting a bullish retracement into the new bearish POI at 7.25 before going lower. However, there is a possibility that price might head straight lower taking out old sell-side liquidity from Mar 2021 due to earnings today.
Historical support for American Entertainment HoldingsGood luck everybody let's make America great again !!!
Jermoe74
AMC needs to get up towards $6 ideally for bullishness...We really need AMC to get back up towards $6 soon to have a good chance of bullishness @ThisDigitalEra Not financial advice.
AMC AnalysisPrice played out well according to my previous analysis. Price is currently mitigating the bearish POI at 8.13 where I expect price to go lower from. There is an exhaustion in bullish price movement and price could go lower from here.
AMC: A top sign! What it takes for it to reverse?• AMC is in a resistance área made by the 21 ema and the black line at $6.80 – which was a previous support level multiple times in the past, now it is working as a resistance, following the Principle of Polarity;
• In addition, we see a top sign, as yesterday it did a Shooting Star candlestick pattern, and today it is doing another bearish candlestick;
• If AMC loses yesterday’s low it might drop again to the previous support at $5.47 (red line), resuming the bear trend;
• By losing the $5.47, the next stop would be only at $5 area;
• Could AMC avoid this scenario? Yes, if it reacts quickly and breaks the dual-resistance area made by the 21 ema/black line – preferably closing above it;
• This could reverse the trend in the short-term to the $8.15, our next resistance;
• Since we have earnings in 12 days, this could enhance the upside (or downside), depending on how the market reacts to the results.
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AMC Currently in Ignition phase -- Load the boat.Depending on how SPX continues, shorts may be stuck. Looking to load the boat if price holds above pink trendline and also the white 0.236 fib line.
AMC currently entering what I call it's ignition phase using the ol' snippy sniper on the 4 hour.
joined ape army today! 🚀drop boost and follow for more! reasoning for my entry is simple, downtrend break/oversold RSI and perfect bounce from yellow support zone 🐒
I did take entry this morning and targeting 8.48-10.23-13.27, amc to the moon baby! ❤
AMC AnalysisPrice consolidated since my previous analysis. My expectations are unchanged. Price is currently mitigating the bullish POI at 6.59 and has taken liquidity at 5.96. I'm expecting price to make a bullish retracement into the bearish POI at 8.13 and continue lower.
AMC AnalysisPrice played out nicely last week according to my analysis. Price has taken the lows at 5.96 and reacted to the current bullish POI. Right now I'm expecting price to rally a little into the bearish POI at 8.13 and continue lower, following the order flow.
my parabolic senses are tingling 🙊🙈ape gang, last chart of the day from me! please drop boost and follow for more updates 💯
watching for break of 7/trend resistance, we break above these areas we may see some parabolic breakout action. Goodluck, see you soon 💛
AMC ready for a bounceWe have exited the descending triangle right into the lower support and buy back zone. Fundamentals are insane right now with synthetic shares etc, technicals look great. Accumulation/ Distribution, Stoch RSI, regular RSI all ready to coil back up. I have targets around $9.30, $11.30, could even see $15-16 . Not financial advice.
AMC | InformativeNYSE:AMC
we have two possibilities:
1- RSI is low, it's in oversold territory, and volume on the last session was more than average, so I expect a bounce up like a dead cat bounce for adjusting the indicators. If it breaks 21.07$, it can hit 23$ or 24$ as the target price.
2- It can continue bearish price action and hit the following support levels; this idea is valid if it loses 20.03$, then the next immediate targets are 17$ as minor support and 15$ as significant support,
I expect it hits 7$ eventually. But we will see. I flow with the market at the moment; there are many uncertainties.
*This is my idea and could be wrong 100%
SHORT | AMC | 50% more declineNYSE:AMC
Possible Scenario: SHORT
Evidence: Price Action, Recession
TP1: 2.60$
*I updated my price target like bank analysts, despite bank analysts I'm independent, and I don't get money from anyone for my analysis. My previous target price was 7$ when it was 20$. GL
AMC Bottom $ we going to visit an critical level for AMC which is our bottom price level above the 4.70$, where we should see a reversal , and huge buying pressure to test the our current resistant around the 5.90$.
Amc Haven’t checked the chart in a while. Personally I’m looking at 5.40 as a weekly support based off previous price action range. This could be a great long postion start up area. Really in this 5.40/5.66 range depending on your risk tolerance. Could still be a falling knife buy but that is a good zone from historical support range. Just my thoughts ideas and perspective. I have a few buys set in. Started a nibble at 5.76. Got a bid at 5.61 and 5.42. Good luck.
$AMC: Long Target 24.64$⚡Inverse Head & Shoulders Pattern forming?
⚡Neckline resistance 13.5$ Supported by Ichimoku Cloud resistance
⚡Bearish Divergence on the MFI, watch for a bounce at the 5.85$ area (huge liquidity zone)
⚡To confirm the Inverse Head & Shoulders Pattern a break of EMA 1 resistance is needed (8.6$ along with EMA 2 resistance, 10$)
⚡Strong VPVR resistance to the 12$ level
⚡Target of the Inverted Head & Shoulders i 24.64$ measured from the head to the top of the neckline
⚡Confirmation of this pattern is once the Ichimoku Cloud is broken forming a right shoulder (engulfing volume)
*WARNING* This thread is not financial advice. I am not a financial advisor.
Analysis- Big probability of a DowntrendHi..As you see on the chart we will have a hight probability of a downtrend. But if the vwap indicator and the resistance line are broken it's mean that we will have a reversal trend.Thanks.
AMC AnalysisPrice is playing out as analyzed last week. I'm expecting price to go lower to take the lows at 5.96 after mitigating the current POI at 6.59, no changes to my previous expectations.
