1AMC trade ideas
Past is the FutureIn this chart, it is pretty straight forward. I saw a similarity in the patterns highlighted. Maybe I'm just looking too hard.
Though if you were to assume the same move on a different skew It lines up really well.
I know you can take bars patterns, I really wish you could skew those bars patterns on an angle.
It is what it is, look forward to the price action...
AMC Gamma Squeeze/Short SqueezeOkay I had to hop on this and chart for you guys because there is a lot, and I mean TON of charts right now that do not make any sense.
SHORT TERM THESIS : Anyways, so far price seems to be stable floating above 30 min 200 EMA and take note. There is a fib level at 5.13 . As long as we don't fall past current support levels, this could really take off tomorrow. We are currently in a short term downtrend that seems to be holding well above $5.
WEEKLY : From a weekly perspective, we could possibly see $94 soon. My reasoning for that are weekly fib levels that are 3 years old. From 2021 highs to 2024 lows, your next fib level is $94. These are just technicals, and thats IF it all pans out correctly. The only thing is, you need to hold. HOLD harder than you ever held before. I'm not asking you to put your life savings in there. All I am saying is to hold the line. Shorts will try to manipulate you every way possible. News, bots, negative sentiment, analyst ratings, etc.. they are all bullshit.
HALTS : Do not be afraid of them, its just the big man telling us "hey you guys need to relax." Again, they will keep halting. Do not relent and do not be afraid. GME ran even after halting several times. It does not affect the trend.
If deepfuckingvalue AKA kitty is in this, just remember who he is. He is one of the greatest investors of all time. His P/L speaks for him. He led the charge and he currently leading the charge. Do not relent. IN DFV WE TRUST
AMC bulls take control after 896 days of pain🔥boost and follow for more ❤️🔥 AMC is finally breaking trend resistance, we could possibly see a 1,500%+ rally from here in the longterm, 100-200% short term..
meme stocks are back, small cap summer.. SPY is breaking out.. we are so back baby! lfg, see yall soon with more ideas 🔥
AMC and GME Gamma Squeeze vs Short Squeeze durationYou are surely wondering how long this rally on GME and AMC could go!
Let's look at the 2021 short / gamma squeezes to find out!
GME rallied from Jan 13 to Jan 28 for 15 days and went up 24X at its peak! That was a gamma squeeze!
AMC, on the other hand, rallied from May 13 to June 2 for 20 days, during which it went up 6X at its peak. That was more of a short squeeze!
A gamma squeeze and a short squeeze are both market phenomena, but they operate in different ways and involve different types of trading strategies.
Short Squeeze:
In a short squeeze, traders who have sold a stock short (i.e., they've borrowed shares and sold them with the intention of buying them back later at a lower price) are forced to buy the stock back at higher prices to cover their positions. This buying pressure drives the stock price even higher, causing more short sellers to cover their positions, thus further increasing the price. It creates a feedback loop where rising prices force short sellers to buy, further increasing demand, and thus prices.
Short squeezes often occur when there's significant negative sentiment or speculation about a stock, and a sudden positive development causes the price to rise sharply, catching short sellers off guard.
Gamma Squeeze:
A gamma squeeze, on the other hand, involves options trading. It occurs when option sellers (who are often large institutional investors or market makers) have sold call options (contracts that give the holder the right to buy a stock at a certain price) and need to hedge their positions by buying the underlying stock. As the stock price rises, they need to buy more stock to maintain their hedge, which further fuels the price increase.
Gamma squeezes are typically triggered by a sharp rise in the underlying stock price, causing the delta (the rate of change of the option price with respect to the price of the underlying asset) of the call options to increase rapidly. This forces option sellers to buy more stock to adjust their hedges, leading to a feedback loop similar to a short squeeze but driven by options trading.
We could be entering a cycle here, let's see!
AMC is back at the Discount ZoneWhen you go to the movies do you want to sit right up on the screen or back a bit in the middle of the theatre? If you zoom out to the daily chart for AMC, you start to see past patterns. AMC below $4 is and interesting price. From $4 AMC is 50% or 100% away from recent highs. A price below $4 is even farther away from recent highs, percentage wise. Always remember that fundamental news trump technicals every time. So review your news. The technicals show $4 and below as discount prices in the recent past. Who knows what will happen in the future.