AMC2 trade ideas
AMC bounced off Fib 0.618 Levelon the retractment of the prior uptrend and appears
to be setting up a new uptrend with a K/D line cross
under the MACD histogram and rebuilding of relative volume
The last uptrend was 70% . Could this happen again next week?
Earnings were decent. Price is sitting above the support of
the Ichimoku Cloud and ready for more accumulation towards
a build of momentum.
I will play this with call options for 3/17 at a strike of $6.00
knowing the support of the fib level ( gray box on chart)
is above that. Hope for 2X ( 100 % profit) in 5 days or less.
Short interest - short squeeze potential - $$$
AMC BEATS EARNINGS Incredible work by the company manager and the board of course. Popcorn is launching and expenses have been reduced. AMC Entertainment is on its' way to clearing the debt and become profitable again.
Their credit card also will be launching soon so I'm confident AMC will not only stay a float but become a growth stock.
Very bullish!!!
Inverse Head and Shoulders Pattern. Bullish Prediction for $AMCWhy I am bullish?:
Clear inverse head and shoulders pattern with a decisive close above the neckline on the daily chart. I am looking for a return back to the neckline to potentially add to a new long position.
Volume is about as perfect as can be with light volume around the head and strong volume on the rally up to the neckline from the right shoulder.
$AMC $8 squeeze imcoming! HSBAF$4 support has been taken out.
currently at $5
LEVEL 1 resistance @ $5.33 (fill gap from 02.01.23)
LEVEL 2 resistance @6.80-6.90 (take out YTD highs from 02.06.23)
TP @ 8.50 for strike (12.01.23 highs )
EXP 4/21/23. As soon as we get over $8.50 or even above the $7.75 range more volume will push this stock higher.
AS LONG AS WE DO NOT RETRACE UNDER $4.50 I HAVE FAITH THIS WILL TAKE PROFIT.
$8 AMC This WeeK?If you know me well, you know I HATE trendlines but the bull flag on the hourly is looking quite nice. Look for a retest around $6.00-$$6.05 for buy positions. Looks like we started around $4.50 to get us to $6.70. If the lower end of the bull flag is $5.70 then we should be able to hit $7.70+ easily either after earnings or in the following days/weeks.
SUS... DAYS BEFORE... 2 YEAR ANNIVERSARYStupid candles like this don't just happen, It at the very least should have been fixed yesterday. This seems like some kind of hidden message. Obviously this would only happen in a meme stock, just days before an interesting 2 year since the initial squeeze highs...idk...conspiracy theorists have been proven right after being clowned these past few years. Keep your eyes and ears open.