1AMC trade ideas
AMC pumps price and volume into fair value zone LONGAMC is on a 4H chart with a set of VWAP bands overlaid In the past two trading sessions price
and volume have pumps and so also the PV Trend indicator. There is no fundamental
footprint on this move. it is a pure meme much like a similar move of GME. I will go long
here hoping to ride the momentum and capture profit. I will set a stop loss fo 10% n
recognition of the volatilit The final target is the $ 120 range pivots of April and
August 202. The initial target is the $35 range of the ranging zone of August 2023. Upon
reaching the first target I will cut the position to 50% for the leg higher. I will cut the position
if momentum fades especially if the volume fades with it. This will be interesting at the least
and highly profitable at the very most.
AMC - Signs of Life 👨⚕️Now that the AMC hype train has died down, I can start positioning on some lower risk trades. Been waiting to see this pop.
As long as we dont gap up on open, I'll be taking some here at the 618 - tight stop. If stopped out, will look for rebuys near pivot high. Any break of that and Im out.
Simple. Ez. Smooth 😎
AMC: Buy idea Buy idea on AMC as you see on the chart after the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume.!
On AMC: 4-hour Chart AnalysisAfter observing the bear channel, a measured move of 4.03 has been identified.
Key observations:
Support coincides with EMA 50 at 4.03.
Fibonacci retracement indicates support at 0.786 (4.03), a FIB historically favored by AMC.
A notable bounce occurred at 4.00 during after-hours trading.
Bullish: Holding at 4.03:
If AMC maintains above 4.03 and subsequently breaks and confirms the 20 EMA at 4.35, a bounce towards the Golden Pocket zone (4.63 to 4.80) is likely from the recent downtrend.
Retracing to the 0.786 level at 5.04 and reclaiming the channel could establish a more favorable outlook.
Potential Downside:
Failure to close above 4.86 could signal rejection from the bottom of the bear channel, potentially leading to further downside.
In the event of failure to hold around current levels, a rapid decline to 3.75 to 3.50 is conceivable.
Other Considerations on the 1 hour Chart:
Oversold RSI suggests a possible reversal.
MACD showing early signs of upward movement.
Bullish divergence noted in MFI
If we do get some type of Squeeze scenario, my target is around that $18 dollar level to exit my calls.
AMC Possible price action
******* NFA **********
******Educational purposes only*******
AMC could see another short squeeze rally in few couple months
The chart completed A non-failure Swing
CM_WILLIAMS_VIX_FIX - Find Market BottomsCM_WILLIAMS_VIX_FIX Indicator - was created to find market bottoms, per the creator. It can be used in conjuction with other indicators to find trade oppurtunity.
Back testing AMCCurrent resistance levels match resistance and market levels in 2019 - 2020 prior to significant trading volatility.
In addition, trading volume is above 1.8B shares which is almost 8x the volume traded at the height of the meme trading frenzy.
$AMC can this piece of garbage rise?Not of fan of the CEO, the stock, or the company, but I like to take a trade when I see a good setup. This one is definitely on the riskier side as earnings made this one decline right back to support yesterday.
On low timeframes though, price is at the ichimoku support, if price can bounce from this level here, I think there's potential that it could setup a larger move up.
Ideally I'd like to see price break out of this pattern, if it can break over the $6.42 resistance, should be able to see a decent move up to one of the resistance levels above.
updated amc and gme targets.if we get our pump on tuesday, the targets change. be careful playing with memestocks.
gme $100 back to $6
amc $18.99 back to $1.30 range
Next support $4.2 & the $3 ?Selling on UMVD, Angle 1 is as low as $3, that will be good R:R entry for long. I don t thing 4.2 will hold is we keep seeing more selling.
GAP fill @ 20 and around 40On the daily NYSE:AMC looks like it needs to close the gap in these two areas. One around the 20 dollar mark and somewhere around 40. May not happen tomorrow but when it does take some profits, then re-accumulate at lower entry points.
About time to Make Movies Better?
"AMC Trading Strategy: The Comedy Edition
Technical Analysis: Use your 'magic eight ball' to predict trends and entry/exit points. Remember, it's just as accurate as some indicators out there!
News Monitoring: Keep an eye on gossip columns and fortune cookies for market sentiment. Sometimes, the rumors are just as entertaining as the truth!
Short-Term Focus: AMC's mood swings are wilder than a rollercoaster, so strap in for short-term trades. Blink and you might miss the action!
Risk Management: Carry a lucky rabbit's foot and a four-leaf clover for good luck. It's as effective as any other risk management strategy, right?
Adaptability: Embrace the chaos! Dance like nobody's watching as you adjust your strategy to match AMC's ever-changing mood.
Profit Taking: Take profits with the enthusiasm of someone finding money in their pocket after doing laundry. It's like winning the lottery, only smaller!
Continuous Learning: Laugh at your mistakes and celebrate your wins. Remember, in the world of trading, humor is the best survival tool!
gme to $125, amc to $21., then death.. then rebirth. memestocksgme to $125 next 1.5 weeks, amc to $21.. then death.,. then moon targets are $130 amc, $800 gme. goodluck.
AMC head and shoulders forming, but $20 first. the 618 retracement should happen.. and it'll be deadly when this plays out, goodluck to all!
$20 this week for amc possibly. just a thought im gonna throw out there. its not impossible, id say a 7% chance
AMC Entertainment Holdings Options Ahead of EarningsIf you haven`t sold AMC before the APE merger, after which it went down on share dilution:
Then analyzing the options chain and the chart patterns of AMC Entertainment Holdings prior to the earnings report this week,
I would consider purchasing the 3.50usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.37.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Chronicle of a Foretold Pump/DumpPump/Dump schema:
Discrete Share accumulation.
Broadcasted Triggering Event (news, rumors, forums, etc).
Gather the mass of "Bagholders".
Dump all the load.
Pocket the quick profit.
I am not a fan of " meme stocks " because they're very much like penny stocks, prone to pump/dump schemes. How legal or illegal is this practice?, it is not us to decide, there are authorities who are supposed to regulate these behaviors.
Regardless of the morality of a it we can analyze the radiography of the move. Using the volume bars feature, you can see "big fat" candles on the accumulation phase, the "rumor" phase where the "roaring kitty" name was heard in the news, the spike and immediately took the stock to a quick profit of +120% overnight, and the fade phase, where the only thing that remained at the end was the frozen smile of the hopeful bagholders with a fading volume.
#LearnToEarn.
Be careful where you put your money, trading and investing requires knowledge of the company, its balance sheet, fundamentals and/or technical metrics. Don't follow the crowd, else you'll end up in the slaughter house. There's no free lunch in Wall St.
Let's remember this quote: "The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor." Jesse Livermore.
To the MoonMeme season has just began. Plan on selling in 15-20 days. Let's see what the waiting will come down to. I expect at least one more move like this.
