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AMC ENTERTAINM.HLD.A NEWAMC ENTERTAINM.HLD.A NEWAMC ENTERTAINM.HLD.A NEW

AMC ENTERTAINM.HLD.A NEW

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AH91 trade ideas

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
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.
NYSE:AMCShort
by SamerHa
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. Remember to follow me to keep in touch with my analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
2
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 $8.15, our next resistance; • Since we have earnings in 12 days, this could enhance the upside (or downside), depending on how the market reacts to the results. Remember to follow me to keep in touch with my analyses!
NYSE:AMC
by Nathan_The_Finance_Hydra
AMC | InformativeNYSE:AMC we have two possibilities: 1- RSI is low, it's in oversold territory, and volume on the last session was more than average, so I expect a bounce up like a dead cat bounce for adjusting the indicators. If it breaks 21.07$, 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%
NYSE:AMC
by shkspr
6