AH91 trade ideas
ANALYSIS ON AMCDowntrend so we have a breakout of the support line by a big candle with a large volume and the vwap indicator...
EXAMPLE OF BULLISH CHANNELGood morning all!! I hope that you all are ok!!! May God bless everyone forever...One Love...!!!
In the case of a bullish channel, the support is more important than the resistance , indeed if the prices break the resistance, it simply means that the upward pressures are more and more sustained whereas if the prices break the support , in this case , the entire uptrend is called into question. Conversely for a bearish channel it is the resistance that is important. At the next course we will see the downtrend channell.!!! Thanks...
$AMC BearishOn my last chart of AMC we identified the demand zone and eventually blew right through out target! Now we're hear to look at the reverse of that outcome.
I know the bulls and 'ape land' won't approve of this sentiment; nevertheless, I foresee price action returning back to our $12 - $14 range and that could happen within a short duration of time. Let's call it within the next 30-45 days to be conservative; however, I really hate to ever put durations on anything when it comes to the markets.
AMC break outTomorrow should be very interesting.
Bull Scenario:
Price breaks wedge to upside - Quick move to 23.5 to 26
Bear case:
Breaks 20 support - drop to 18.5 and free fall below
Optimistically bullish going into tomorrow.
However, if price continues sideways trading in the low 20 range it will not be pretty. Low volume today due to FED announcements tomorrow, we need a large inflow of volume tomorrow. Good Luck.
This is a computer program Ping pong in this widening channel since the April 2020. This looks like a very long controlled squeeze.
$AMC Notes: Comparing May Move to Current PAFor personal reference and this is for comparison only (not predicting anything). This move is both steeper and more drastic, but the current ratio of percentages is still lass than in May (at the moment at least).
EDIT: the 38 in yellow should be 41 (it was at 38 yesterday and forgot to update that number)
AMCMID-TERM: Backtesting falling wedge and the most critical zone on the chart (blue zone), weekly hidden bullish divergence, inverted hammer candle on daily. (not financial advice)
AMCOn track for the squeeze providing we keep support at key levels.. Trust the journey.. I like the stock!
controversial stockthis is a very controversial stock, but if we analyze it closely, the fundamentals are just improving, so just follow the trend, and that trend is going up!
AMC Falling WedgeAMC has been in a falling wedge ever since it touched the 34.33 price level on March 28th. Since then, price has been falling on decreasing volume, indicating that bears are being exhausted.
It is currently sitting in the Golden Pocket, which is a likely reversal area. I expect AMC to breakout soon towards the upside.
Summary on AMC/ DOWNTREND...!Today on AMC sellers confirmed their presence as we see on the chart:
1) Breakout by force the support line;
2) Breakout by force the vwap indicator;
3) Large Volume.
$AMC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AMC after a Negative over reaction following its earnings release placing the stock in drift C.
ANALYSIS ON AMCAs we see on the chart we have a big probability of an uptrend...You can see the differents elements of buying on the chart...!!! thanks!!!
$AMC: Really Important Day!⭐20$ Support must be held (Ema Ribbon support), previously this level was a huge level of resistance causing a 3 month consolidation. 20$ is also a large VPVR node that needs to be respected for bullish continuation. 20.9$ is the 7.86 Fib which is a good long term retracement zone.
⭐TD-Sequential red 9 which often indicates a bottom
⭐Looks like the MFI is forming a bottom
⭐Bearish TK-Cross on the Ichimoku Cloud (Bad Signal) most likely if the 20$ level holds this should be ignored
⭐We are retesting the large bull flag. This retest must hold as support
⭐For bullish continuation we need to see a good bounce with a significant amount of volume and a daily close above 23$
⭐Daily close below 20$ is going to be bearish (Highly unlikely scenario)
⭐Options Chain looking bullish, lower levels barely have any Volume or Open Interest
*WARNING* This thread is not financial advice. I am not a financial advisor.
Trend line bounce I found a long term trend line that AMC has respected in the past. To the trading algorithms it acts sort of like a magnet for the price, either attracting or repelling. I've drawn out the Fib extensions based on past two week break out move. Including AH trading, the price seems to have fallen right on top of the tend line. I think we could see a pretty nasty bounce up from here tomorrow. Keep in mind in order to support this, we would need to see volume of around 500M in order to see a move up into the $40-50$ range.
The bearish scenario is we break below that trend line and move down to the $17 range. This would sweep premiums paid for ITM and OTM Call options.
I am not telling you to buy or sell anything. This stock is heavily manipulated through options chain and short exempt trading by brokers. Essentially the house always wins, so trade at your own risk. In my opinion, If over the last 9 months I were to take a long bet, now would absolutely be the time i would do so given these technicals. Very likely that the trading algorithms are thinking the same thing.
Good luck!
