giant inverse head and shoulders.we still expect $11.86 range to be the top during this earnings play and then a retracement.
AMC trade ideas
$11.86 then $1 i hope this situation doesnt come true, but it might be the last amc video.. for a while! protect yourselves!
eyeing november 29th for $9 and then we can go to $52 amc...patience pays off guys, hang in there, this is a bull market!
STILL NO confirmation steady in this zoneWaiting for the sideway pattern to be attentively structured, historically, squeeze happens, and a large candle breaks the cycle, working on breaking the resistance. Still, it's long and maybe a little too early.
No expert but the Stochastic on the 3 month has crossed. 2-4 years from now, I hope I can come back to this post and say congratulations to my self for taking the chance on AMC. The underdog of movie theaters.
More waiting on AMCExpecting more erosion on the price for a new lower low before the next eruption, the sideways consolidation which many expected to be a continuation pattern is breaking to the downside.
The tricky thing with symmetrical triangles is that depending on where you start the count, can yield the complete opposite outcome. I think that the first move down from the peak was not part of the triangle but an A leg, continued by a B wave triangle, and now with the triangle breaking to the downside is the C leg. Expecting reversal around after the election. I will also note a huge overbought RSI on the May 14 peak which will be revisited.
AMC to jump 1700% with move to $90 in 2024?There is evidence for such a move. On the above 5 day chart price action has corrected 99% (August 2023 share split accounted for). A number of reasons now exist to consider a long position, including:
1) Price action and RSI resistance breakouts. This breakout occurs after 1071 days of resistance.
2) Market participants are opening up long positions on every test of the golden ratio. See daily chart below. You have to look left until early 2021 to see a repeat of this behaviour.
3) The falling wedge is used to forecast a target area. Oddly enough that target area is matched by the top of the downtrend channel.
Is it possible price action continues the downtrend? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=3%
Timeframe for long: sooner than late
Return: 1500% at least
Golden ratio test (green line)
$AMC Macro POI: Scenario 1This chart is an extension to the NYSE:GME macro POI wyckoff end of Phase C and soon entering phase D. CPI data will let us know if we see another dip before the next markup phase but keep these levels in mind.
my amc play may make you a fortune. as always not financial advice, this is speculation, hope we can make some crazy money! lets do this!
AMC bullish Posible bull trap to 4.2 and after that bullish. After a little bit of market manipulation there will be an upside movement
AMCLooking at the support and resistance for the last big leg up. The pattern is identifiable as the last, however I could see It testing a low before the run up.
AMC Diamond PatternI just realized that AMC has been consolidating in this diamond pattern. It's towards the end of the pattern and can break either way. A move in either direction will be big.
AMC is about to breakoutSeven we are trading sideway for the last couple of month, OBV indicator was constantly moving up and reached the level when stock is fully ready to go. Just need a strong catalyst.
Testing the bottom line of a channel will be a magnetI am sure soon price will comeback to test this channel at least once, before going down even lower or after a trend reversal.
AMC: Buy ideaBuy idea on AMC as you can see on the chart if only if we have the breakout with force the resistance line by a big green candle follow by a large green volume.
Do you guys realize….Do you guys realize the MACD monthly has just gone bullish since February 2022?
Do you realize how significant that is?
DIAMOND HANDS
AMCIm still on this idea for AMC
Ive been seeing this same potential flag consolidating for the last month
and I'm all in after seeing just how tight it is getting
if I'm wrong, Im wrong.
potential hidden bullish here as well
it is above the 200 day as well here
Bullish sentiment incomingThe 50MA is converging with the 200 MA on the daily chart. If it crosses above it is referred to as a golden cross and is considered to have upward momentum. The idea is simple but can be added with other indicators to support a trade.
Bears say AMC has too much debt. I read that AMC successfully refinanced some debt. Huge win for the company. If they ever go bankrupt it ain't happening yet. They're very much still in the game.
I think technology will advance and make going to the theater attractive again.
Bullish on Roaring Kitty We have few opportunities to make exceedingly high gains on one trade, this is one of those times.
As a note don’t get greedy and if you are substantially in the green take profits or sell your investment stocks to trade with profits
I’ll be selling the spike then reentering the trade at the selloff to rebuy to the roaring kitty live feed
Th3Unkn0wn Follower's Request $AMC Thots (Thought$)@Th3Unkn0wn
Ask and you shall receive...
I really do think under 2 billion valuation is low. AMC streaming has to be in the works right? Its cheap, when hollywood changes their tune aka "woke n broke" AMC should have a resurgence of interest from movie lovers and if they incorporate streaming this is gonna be worth A LOT MORE...
No positions, just thoughts... if youre long this stock you want a BOTTOM TECHNICAL PATTERN, laid out is a nice inverse head and shoulder reversal IDEA...
"A path has been laid..."
- Prophecies
