AMC RSI Bottoms highlighting a divergence?Looks to be a bullish rsi divergence with an rsi cross on the 3 week chart. I’m seeing a gap to fill on the weekly as well.
AMC trade ideas
Future targets?@FlyingDutchman100 perfect parallel with the previous bull channel. There is a lot rhyming but its way to soon to be looking at this, pure speculation. The box falls in 1 Nov 2025 to 3 March 2025
Navigating $AMC: Technical Analysis Insights for the Week Ahead.Key Observations:
After market hours, the stock closed at 4.87, positioning itself just above the golden pocket as indicated by Fibonacci retracement levels from the lower low on April 26. Notably, support aligns closely with the EMA 20 at 4.72 and EMA 50 at 4.33, suggesting a potential further dip to test these levels.
Bullish Perspective:
Should the stock hold within the range of 4.59 to 4.35, a swift rebound is anticipated, targeting the range of 5.80 to 5.90. A crucial observation is the presence of a significant black trend line that the stock recently breached on June 3, potentially hinting at a retracement to validate this breakthrough. This forms a notable buy zone, coinciding with a potential gap fill. Additionally, a new bullish channel appears to be taking shape in the broader context, offering further support in this price range.
Potential Downside:
The RSI (Relative Strength Index) exhibits a downward pivot, currently residing below its average and testing the 50% mark. While there's no bearish divergence apparent yet, vigilance is warranted, particularly if a price bounce occurs simultaneously with the RSI forming a lower high, indicating a possible bull trap. A close below the newly forming bullish channel or the black trend line suggests a downward move to test 3.72.
Other Considerations:
The MACD indicator displays a pivot downwards, though it has not yet crossed. Similarly, the MFI shows a downward pivot but remains within bullish territory. Notably, there's a resurgence in trading volume, potentially signaling a shift in market sentiment.
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.
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 😎
AMC: Buy idea Buy idea on AMC as you see on the chart after the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume.!
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 Possible price action
******* NFA **********
******Educational purposes only*******
AMC could see another short squeeze rally in few couple months
The chart completed A non-failure Swing
CM_WILLIAMS_VIX_FIX - Find Market BottomsCM_WILLIAMS_VIX_FIX Indicator - was created to find market bottoms, per the creator. It can be used in conjuction with other indicators to find trade oppurtunity.
Back testing AMCCurrent resistance levels match resistance and market levels in 2019 - 2020 prior to significant trading volatility.
In addition, trading volume is above 1.8B shares which is almost 8x the volume traded at the height of the meme trading frenzy.
$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.
updated amc and gme targets.if we get our pump on tuesday, the targets change. be careful playing with memestocks.
gme $100 back to $6
amc $18.99 back to $1.30 range
Next support $4.2 & the $3 ?Selling on UMVD, Angle 1 is as low as $3, that will be good R:R entry for long. I don t thing 4.2 will hold is we keep seeing more selling.
GAP fill @ 20 and around 40On the daily NYSE:AMC looks like it needs to close the gap in these two areas. One around the 20 dollar mark and somewhere around 40. May not happen tomorrow but when it does take some profits, then re-accumulate at lower entry points.
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!
gme to $125, amc to $21., then death.. then rebirth. memestocksgme to $125 next 1.5 weeks, amc to $21.. then death.,. then moon targets are $130 amc, $800 gme. goodluck.
