$21 by December 15th but first $3.80- $3.50 for our springbe careful at the top when trying to short this... it may get ridiculous... things are looking healthy for the stock though
AMC trade ideas
diamond pattern still in effect.target is still $22. in that range, we will have to wait and see what happens from there.
AMC: Unveiling a 400% Surge – From Correction to SkyrocketingAt Vital Direction, we’re observing a fascinating setup with AMC Entertainment Holdings (AMC). After establishing what we see as a crucial bottom around the $2.40 mark, AMC staged a remarkable rally to roughly $12, sparking considerable interest among investors. Since reaching this peak, the stock has entered a challenging corrective phase, which we interpret as part of a complex WXY corrective pattern.
In our analysis, the corrective phase’s X wave forms a triangle, containing a detailed ABCDE structure. Within the triangle, we’ve identified an additional layer: the E wave itself unfolds into another ABCDE triangle, reinforcing the complexity of the pattern. We believe these triangles have completed, and the final Y wave concluded around $4.03. Given this setup, the stage may be set for a robust upward move.
From a technical perspective, we anticipate a powerful rally that could break through the $12 level, potentially reaching $20 or higher. This bullish outlook aligns with Elliott Wave principles, indicating that after complex corrections, impulsive waves often follow, driving prices upward. However, if the price retraces and touches the $4.03 level again, the likelihood of further downside increases, rendering our current bullish analysis invalid for now.
As always, we advise caution and a structured approach to any entry points, supported by sound technical analysis.
DIAMOND PATTERN target $21-$24 amc.this earnings is crucial. it shows alot of bullish sentiment. the bottom is in! brace yourselves for a heck of a run up.!
amc secret pattern shows a run up is in the books.theres a couple of strong patterns that are in the books, with a target of $118.20 by november 20th. not financial advice, but its looking good, looking for a gap up to $9 by earnings, and then a launch
AMC breakout is imminent Chart is pretty much my analysis
Overall AMC back to $13 this month of November
Once we pass $5 and find support
$50 by november 18th, $213 by march 2025.huge patterns of success are here. be sure to watch amc as it goes. hopefully we make alot of profits. god bless!
It's not looking good for AMC The current level needs to hold , otherwise it'll drop to around $3. On top of that it has been in consolidation phase for quite some time and the MMs need to make a decision. I have currently no position here and will sit it out , until the ER drops in five days.
GME Breakout ETA 15 trading daysBased on DD going back to the last squeeze, when compared side by side with AMC/VIX we appear to be right on schedule. The vertical lines represent the lows and highs on RSI going through this pattern/cycle of events with a side by side comparison for visual reference W/ AMC of 2021. If we continue on mirroring the sequence of events that began the 2021 squeeze, we are apx 15 trading days away from MOASS.
My strategy is to ride these calls to past resistance levels (23/24/25/30) until we see the pull back, sell the top, buy again at support, then ride these puppy's into MOASS.
I wish you all good luck, NFA.
pretty straight forward.
APE OUT
AMC to go or not?Pennant has been extended two times and now we're facing a triangle bottom formation. If we break above then we moon which will validate the cross over the creek. Otherwise breakdown and we will do one more spring test which draws out to end of Q1 with a falling wedge pattern.
giant inverse head and shoulders.we still expect $11.86 range to be the top during this earnings play and then a retracement.
$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.
