Wyckoff in a canA little clearer version of the insanely obvious Wyckoff accumulation pattern AMC is going through currently. Looking for $2.30-$3.30 to be the spring.
1AMC trade ideas
Wyckoff accumulationI hate when people point out Wyckoff patterns but this one is pretty obvious. Hopefully I am wrong with breaking the January low.
AMC can bounce from here💛🚀scenario 1: push to 6 dollar area/trend resistance area, scenario 2: push from here and trend breaks then we go to 9.8-11.4-14.6 then the moon 🚀 also notice how it perfectly bounce from trend support recently.. not a bad sign!
boost and follow if your part of the ape army! 🙈🐒
AMC: Sell ideaSell idea on AMC as you see on the chart because we have the breakout with force the vwap and the support line.Thanks!
I think I've found a way to articulate it.Zoom in, read the labels. Will alllll make sense. 1 Day Chart shows it best. Red Vertical Line is April 27th.
Not enough Karma on Reddit to post, so feel free - though I am sure it'll get some major hate.
Soon Apes, Soon!
Y_P
AMC Next Breakout $we had a good pump the last few days , now we inside a consolidation area between (5.50$/4.66$), once we break our current resistant at the 5.50$, we going to witness another pump towards the 6$ and the 6.70$.
on the other hand if we broke our support around the 4.66$, it's mean the short will drop the price to new low this year just above the 3.26$ first then to the bottom price for this year at the 1.26$.
Yikes...June is around the corner so hold tightBlue print for upcoming short squeeze...will resume in an around the month of June....watch for sentiment and volume increase
AMC AnalysisPrice did not play as analyzed last week. Price rallied from the bullish POI while leaving sell-side liquidity behind. Price is still respecting the current bearish POI and I'm expecting a bearish retracement back down, and potentially following the bearish order flow into the lows at 3.23.
AMC Algo Tracking ContinuedSorry for not updating recently, needed yesterday's move to verify we are on the same track. Appears so. Remember that the pattern is distorted towards the rear due to the speeding up/slowing down of the algo. The more you study, the more you notice mirror and reverse fractals. Feel free to go back to my older posts if you need context.
There is a secondary position I'm keeping my eye on, but keeping that one to myself for now...
Enjoy!
Y_P
AMC To end March just shy of $6Looking at the rising tops & bottoms, and also seeing the news of Amazon considering buying AMC (again) as well as the most recent $3MM buy, somebody knows something and is willing to put some money on it. I'll help sell them their calls as high up as they're willing to go.
MacD is overextended, and the end of the week is quickly approaching. There's also a historical level of resistance against the 5.50 line, which tends to make it hard to get past.
AMC Stock Chart Fibonacci Analysis 032723 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 4.5/61.80%
AMC - Back to $6Hello everyone,
AMC has seen quite the beating over the last few weeks.
With GME's great earnings, this could quite easily pump AMC back higher to the resistance of the triangle.
Good luck to everyone!
Institutional analysisInstitutional analysis I can't show what it is on this platform because it doesn't contain my tools .
AMC bounce. looking to retest shorting lines 4.47 and 5.52$AMC this baby hasn't had this kind of volume since last summer. spring is here. recession is here. potential squeezer.
Market is very volatile right now. If the QQQ is up, this is a favorable trade in my option. If it is not, this trade remains a short for me. QQQ has a lot of room to go down right now march 3/23 at night. If AMC doesnt break down, consider this one on your list for when the QQQ Nasdaq, on which it is listed; bounces +++//// and or when the SPY bounces.
AMC AnalysisPrice consolidated since my last analysis. Price failed to rally higher and closed strongly after gapping up. With the sell-side liquidity built over the past few days, I'm expecting price to continue lower, potentially taking out the sell-side liquidity at 3.23 next.
AMC: Buy ideaOn AMC as you see on the chart we have a buy idea because we have the breakout with force the vwap indicator and the resistance line by a big green candle wigth a large green volume.Thanks!
AMC - Options Strategy 🧐AMC is a buy in this area as it has fallen back into the Golden Window 0.618 - 0.786 retracement on stock split news.
So you can simply buy the stock however if you would like to know how to buy AMC below the current market low, here's how you can do it - by selling puts.
Please note selling puts is a bullish strategy.
Here is our work for today: (I have changed the image and it does not show Delta but instead "Probability Of Profit."
"AMC
I have started selling Jan 2024 LEAP puts as AMC has tumbled on stock split news, back into the Golden Window sub 0.618 retracement.
This tumble will have slightly increased IV Implied Volatility which is good for selling options that benefit from IV contraction which will occur when the trend cools off.
Note I only sell options with Delta equal or lower than -0.3. Preferably in the -0.2 to -0.3 range. This is a decimal for chance of landing In The Money.
If you look on the image - I have sold the $5 and $8 strike.
The highlighted $5 strike has a Delta of $0.21 and so this means it has a 21% chance of landing In The Money above $5 minus the premium according to the Black and Scholes pricing engine.
And so lets say I sold the put where the "mid" of the spread is now for $2.85 (you can only trade in $0.05 increments). I have selected that buy at the top and you can see it shows the buyer's Break Even is $2.15
And so there is 21% chance of the buyer hitting break even @ $2.15
That is also my break even. Anywhere above that and i'm making profit.
If at Jan 2024 expiry AMC is anywhere above $5 I win the total premium of $2.85 per share and so because an option contract is for 100 shares; I win $285 per option contract.
This method is a good way to balance the risk in my portfolio. AMC is a solid stock, probably won't go bankrupt and buying deep in the Golden Window there is very little risk that I can lose money. If it is put to me I can simply hold the stock until in profit.
if it expires below $2.15 then I will own 100 shares of AMC for $2.15 each. And that is how I can buy below the current market low 🧐.
This is a hedge fund favourite strategy."
Enjoy.
Not advice.
AMC - US Stock | Double Bottom Reversal | Buy StopAMC is showing double bottom along with bullish divergence on RSI, so a trend reversal is expected, hence we will place the buy-stop order with SL, TP1 and TP2.
NEARING BOTTOM OF CHANNELNearing the bottom of our support channel on the log chart. Expecting a small move down at most and then a recovery to the midline around $5.20-$5.30.
AMC: analysis: sell ideaSell idea on AMC because we have the breakout of vwap with force. As you see on the chart we will have a downtrend continuity if the support line is broken with force by a big red candle with a large red volume. But, in other hand, we could have a reversal trend ( uptrend) if we have the breakout with force the vwap and the resistance line by a big green candle with a large green volume.Thanks!
AMC :Sell ideaOn AMC we have a sell idea because we have the breakout of vwap and the support line.Thanks!
