AMC Approaching Decision PointIn the run up to the January 2021 squeeze, AMC struggled to get above the Daily (red) and Weekly (green) triggers. However, in the few days right before, those resistance points collapsed. Each trigger fell with a gap-up and accelerated price action to the upside. And each time the triggers turned from resistance into support and the next trigger fell.
AMC might be playing out the same process, though on a longer timeframe. AMC has currently bested the Daily and is creeping toward the Weekly. If upside price action is to continue, I expect a gap-up over the Weekly and a run to the Wave 3 target range, then a drop back to retest the Weekly. The craziest scenario in the short term is a run above the Monthly around $40 and a quick collapse back to the Weekly around $20. However, I think it will be more restrained and methodical with quick, unexpected breakouts until it finally conquers the Monthly.
This will almost certainly shadow GME as it squeezes over the next several months.
1AMC trade ideas
AMC, series of price growth expected.AMC is registering significant net buying at the current levels -- conveying accumulation for a higher valuation.
On the 4h data, 3rd higher lows was created suggesting upside continuation.
Volume has also also steadily increased this past few days.
Spotted at 5.0
TAYOR
Safeguard capital always.
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 😎
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 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.
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!
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.