AMC trade ideas
Don't worry, b..uy more.$AMC looks beautiful. Nothing goes up in a straight line. Think of it as serpentine roads up to the alps, where in our scenario the destination is the moon and the setting are burning hedge funds with their managers crying on the balcony while the retail investor makes big bank. Don't be foolish to sell right before the dividend! And compared to whats coming, this is NOTHING!
Stay strong. Stay zen.
AMC short AMC has made a full 76 retracement and this flags up the next short entry.
We also have the classic social signals of AMC attracting a lot of bullish attention. I've even had people show up to tell me I was wrong about AMC heading to 7 (I think I said this when it was over 50) even though I've not been talking about AMC short.
These are the types of things I like to see into 76s. Short AMC.
Simple channel playoverbought signal which reminds me a "dead cat" bounce pattern in play. Next buy zone at 8usd
AMC SELL+++ MEME GARBAGE AMC the meme stock from 2020 still putting up a fight. It's way overbought here
Crouching Tiger, Hidden DivergenceThings I like about longing AMC:
Bullish RSI divergences
An ~85% pullback from the lows around $2 and the highs around $70
Entertainment has thrived in past recessions
AMC shows are top notch
Potential to profit quickly due to short sellers and hype
I have my targets at $25 and $48...
AMC Squeeze $ Target we need to hold above the current Support 19.50$+, in order to confirm going to the resistant and the squeeze area if we broke it , around the 29$+, and if we did break it , we will see the 43$+.
AMC - based on divergence and volume, reforecast to $30 highGuys based on how this is shaping up, I am having to reforecast again after a much more detailed look.
I don't think we make a new high here. I fully believe we are going into an upthrust after distribution phase and will not make a new high. We are already diverging on one indicator, and I have a feeling we will on two separate indicators. and we will likely see a sharp top to $30 or close to it, followed by a sharp decline.
I highly urge all of you to not buy into this rally.
Sorry for the back and forth on the ideas, but closer inspection warranted a review of the plan.
AMC - Will the algos play in our favour?As seen in the chart, we can mark out historic fractals that look to repeat themseleves over different lengths of time.
Fractal theory has been around for a long time now and no moonshot predictions have come to fruition. This is soely my own theory and should not be taken as finacial advise!
- AMC has shown strength in holding the bold white trendline support from the lows of 2021.
- AMC has regained an important support level in the 14.50 region.
- AMC continues to improve fundamentally, we should have good earnings this quater with the amount of high grossing films that have released. Also a good start on debt payment and investment in other companies.
- Retail is still strong and continue to support and hold AMC stock.
Blue fractal box includes our march spike up to 33$, i believe this is the same move as the january squeeze but we were pinned back.
We are now in the purple box which follows Feb - end of March 2021. After this we have a small pullback from which we experience our next run. This also lines up with my wyckoff analysis on lower timeframes where we look to be in a micro SOS. Im hoping we continue our momentum up to 20$ before a small pullback which would be BU/LPS. From here we can experience a pop like June 2021.
PROBABLY WRONG, NOT FINANCIAL ADVICE, ALL MY OWN OPINION!!!
$50 is possibleWell, let me tell you what is going to happen, $AMC is going to $50, the dividend $APE share announcement will make this going to ths starts for the same people that was stopping it just because if this doesn't happen before August 19 the will have to pay to all the synthetic shares the dividend. They will send this high to see a lot of people selling and getting out.
AMC GME MEME KOSS composite trend shown on the chart with a rise since August 1
and a history of similar in late March
SPY for comparison is shown on the black line
In March the " composite index" doubled
for a 100% return in two weeks.
Comparing the five days of volume this past
week with the first five days of volume in
the March episode shows a similar uptrend.
Could this be repeated in the upcoming weeks?
( Go Apes !!!)
AMC READY TO MAKE MASSIVE MOVES UP AND DOWN - REFORECASTFrom my previously charted forecast for AMC (see related ideas) I picked up on another distribution cycle playing out and realized that the secondary test (ST) phase can correspond with the Upthrust of the green distribution trading range.
If you're not familiar with accumulation and distribution, I strongly encourage researching Wyckoff's work to gain a better understanding of these cycles and terms. From what I'm seeing, we should NOT make a new ATH on AMC, but get priced wedge right in the middle of $65 and right below ATH.
IF however, we make a new ATH, I will have to go back to the drawing board on this theory and reconfigure the situation. For now, I'm pretty happy with the models and how they're interacting with each other. I believe that this move up to the high $65 range will be very quick and very unsustained. It will "shock" the retail traders into pushing themselves into long positions expecting a parabolic move higher and have the carpets immediately removed right underneath them by plunging prices.
This strong move up will be had likely by in between the start of September into mid-October. We will obviously build up to that. Just remember that the LONG TERM situation for AMC is still extremely bearish heading back towards the sub $10> range, you should try to align yourselves with this potential move and have a plan to QUICKLY sell off and try to short AMC stock afterwards.
If we make a new ATH, close short position to recalibrate.
AMC getting ready to make some LARGE moves...To be clear, I am in a SHORT term bullish mindset. Although my belief is that we should go back down to somewhere around $16-$17 before hitting an apx $40 range target. Now... This could be anywhere from $35-$52 to be clear.
But one thing is for certain... It is meant to liquidate heavily shorted positions, or scare them out of their positions. Also meant to attract bulls by making it appear as a strong move to the upside, breaking above the long term descending channel from ATH (for the 3rd time in a row may I add), and attracting bulls by creating the illusion of a possible parabolic move ABOVE the still forming ascending channel in the short term.
I think this is a perfect set up for a market driven scenario for maximum losses to those entering the market, or thinking they are safe in short positions and not knowing that their wallets will just get tested here or liquidated on the sharp move up.
We are definitely in what appears to be a mature distribution range, and by the looks of it, another one is setting up as well. We will have confirmation of BOTH patterns if/when AMC drops below $7.
I believe it is a high likelihood we could see sub $3 prices before making new ATHs again later on. Thus for the next few months, I will be straddling a bearish position waiting for price objective before entering a MASSIVE long position to catch the correction back up.
AMCI find the price was walking in a descending channel and broke it and retested the break. I find the price is now at an important level 22.18. If it manages to adapt above it, it means more upside for the market. The levels expected to reach it, provided the above is achieved.
24.97
29.04
32.07
35.73
AMC is on track for massive gainsThe move today lacks volume, but will for sure lore some investors in the play. If we see consistend increase in volume in following days, we will easily tag $20+ in a matter of weeks
After a Break, there shall be Light. The APE dividend is coming as a 1:1 non-dilutive "split". Every single one of the roughly 500million shares will receive 1 $APE, priced at 0.01$.
What if, let's say YOU hold 1000 shares of AMC. Later this month the dividend will be distributed and you surprisingly only receive 300 $APE.
Where are the remaining 700 $APE shares? Is it possible that you only held fugazi shares that looked like real ones? Where would the missing $APE shares come from?
Would your broker buy them back at market price to provide for the missing shares? What would that mean for the price of $APE? Who would be accountable of such a mess?
And what if they try to provide those missing shares, only to realise that the price of $APE has exceeded the thousands?
What if someone already knows about this and decides to cover the shorts before the dividend is distributed to avoid being proven guilty?
What if?
History always repeats!Back when I posted the 'accumulation on AMC' I though the fractal between January 2021 and June 2021 was just slanted.
This would mean a clockwise rotation of the fractal. basically a skewed version of the fractal.
Downward moves would be more extreme and sharp.
Upwards move would look more like a consolidation.
Consolidation would look like a slight down trend, following the angle at which the fractal is rotated.
I was early when I thought August 3rd 2022 was may 26th 2021 on the fractal.
It seems to me that today August 5th 2022 was May 13th 2021 on the fractal.
AMC hasn't looked this good in 8 months The CM Slingshot Indicator for AMC has finally turned green. The last time it was green was November 29, 2021 (about eight months ago). The stock also closed above the 200 MA , which hasn't happened since Dec 8, 2021 (also about 8 months ago). I'm looking for AMC to close above around $23-$25 to signal a breakout of the macro descending channel. Also looking to see increasing volume.
The next few weeks should be interesting....Not financial advice.
AMC - APE stock splitSo AMC decided to do a clever trick and take advantage of the hype coming back into stocks and even meme stocks. Retail traders have taken a hit, with many retail-heavy companies like Gamestop, Coinbase and Robinhood, etc., taking massive hits. However, GME has been doing well, COIN doubled off its lows, and HOOD looks decent.
As stocks are bouncing and the bull could be back, AMC decided to do an intelligent stock split by issuing new preferred stock they can sell. They named it APE, like the Apecoin, a popular NFT-related token, which could create a lot of hype around it. Essentially, it is a trap for retail to go and buy APE without hurting the price of AMC as much and allowing the company to raise the cash it needs. Last year, AMC dumped all of the company shares onto retail on the way up and raised 2B dollars that it has essentially spent and needs fresh cash as it still has a lot of debt. At the same time, they made this look like an airdrop, and it is like an airdrop, but one in which the company controls the majority of the shares.
The company's price looks pretty good regarding TA, as it bottomed nicely. First, it had an 86% correction, which means the entire bubble popped, and there is no froth in the market. It retested some key levels and then reclaimed some key support levels. Since May, it has essentially been in accumulation mode, and today we had the confirmation of the breakout, as the market initially gapped down and then had a massive rally. In my opinion, this rally could last for a while, with the price increasing to 50-60$ before it goes back down again. It wouldn't be surprising if we saw the market go up for the next two weeks and top close to the date of the airdrop/split (22nd of August).
AMC Potential Breakout ScenarioAMC has been trading within this macro falling wedge for a while now and has also formed a smaller symmetrical wedge on the daily timeframe. Price is attempting to breakout from both patterns and if it does we could see a huge move to the FIB golden pocket as seen in late march. PT 26.78- 30 usd. A rejection would send the price back to the bottom of the pattern for another cycle.
Not financial advice :).
AMC - Where do we go from here???Bull trap or bear trap??? Where do we go from here? Gamma or accumulation?
