AMC2 trade ideas
amc respecting the meme linesAmc technicals show us that we are in a descending broadening wedge or megaphone. if the algos respect the pattern and we break to the upside expct the measured move to bring us back up to the previous swing high range where the buy button was shut off....what happens from there will be up to the apes. will they hodl or will they capitulate and sell??? Get your battle plans and ammo ready, doomsday is approaching fast
Potential End of the Downtrend (Monday May 16th)Check it out, the aqua blue and orange lines represent the downtrend we've been following since the March run-up. Today the price is being pinched between both lines. Monday could be the day. Not saying MOASS on Monday but probably time for some upward momentum.
$AMC: Reversal⚡Bullish Divergence on the MFI
⚡Vix Fix strong bottoming signals
⚡7.86 Fib Retracement measured from the trend reversal candle (43$), this area stands as strong support confirmed by large VPVR node
⚡TD-Sequential red 8, often reverses the trend once spotted on larger time frames
⚡Big volume support trendline at 10$
⚡Liquidity zone between 7.5-10$ (Strong support)
⚡A 3D close above the 7.86 Fib signifies the reversal
⚡Later on we have resistance at the 7.07 Fib (13.5$) confirmed by VPVR node
⚡Golden pocket Fib resistance at 15.8-17$
⚡0.5 Fib + Ichimoku Cloud resistance at 21$ + 20$
⚡Watch for a break of 14.64$ to confirm bullish price action
⚡Options Chain looking healthy, an upswing is possible at these levels
*WARNING* This thread is not financial advice. I am not a financial advisor.
AMC 3/30/2022AMC
Ticket to nowhere
That 7-day AMC pump to end May 2021 sure left behind a lot of blood.
The last 300 days since that 7-day pump, price has been moving downwards in a large price channel.
We have a death cross of 200 and 50 ema signaling the bearish conditions.
Price is currently at resistance level of price channel
Stochastic is overbought.
The last two times price has found itself at resistance area of price channel and stochastic was over-bought, price has made a move back down to support.
This time will be no different.
Yesterday’s candlestick closed a shooting star and resistance and todays closed below that. This is my cue to enter trade.
Entering trade short
Entry: 25.28
Stop loss: 31.15
Target: 11.00, +56.48%, 2.43 RR ratio
AMC Bullish! Alternate view in play from last weeks analysis...
We are still bullish on AMC, but however a slight change occurred when price broke below 12,72 meaning that the price is now completing a 11 swing sequence (WXYXZ) to the bottom of the channel and expecting to bounce from around the bluebox area of 8,30 and (not expected to go below the bluebox(5.23) from which we will invalidate our analysis).
AMC likely to fully crash before end of year As the AMC crash continues after looking at their recent quarter financials I believe we could see $1-2 or lower before year end. AMC is highly unprofitable and burning hundreds of millions every quarter with no sight of profitability in the near future. Their current cash is $1.165 billion from $1.592 the previous quarter, a reduction of $427 million. On top of that their share count increased from 400 million to 515 million. Even with some cash in hand the dilution spiral seems to have already begun and will accelerate as their cash reserve deplete.
At most this company is worth $1-2. Their previous best earning were around $1 a share with current revenue far below their previous peak. Even if they get back to peak earnings they have a incredibly larger interest expense. With the already heavy dilution that’s previous peak of $1 EPS is only 20 cents now. 20 cents EPS at a 10 PE is $2.
AMC USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
AMC USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Will AMC move up due to earning?We can clearly see some support in these areas. Earning report was positive and future upside is expected! If trendline is broken, we can expect a little more downside but should move up to at least 24-26$ soon, before potentially heading up to the 40-50$ levels. I don‘t recommend options. Nevertheless I scooped up some more shares yesterday. Let‘s see how Amy will behave, once the market bottoms out!
$AMC: Spike Incoming?⚡Possible retest of the 7.86 Fib (11$) Strong VPVR support, this would also test the previous 0.5 Fib which acted as strong resistance, confirming this support is a sign of reversal
⚡Golden pocket reistance 16.9-18.8$ Confirmed by VPVR
⚡23$ resistance confirmed by 0.5 Fib + Ichimoku Cloud resistance
⚡28$ Resistance 0.382 Fib confirmed by volatile candles
⚡34$ 0.236 Fib resistance + doubble bottom resistance, last time the 0.236 Fib controlled the upswing
⚡Strong Bullish Divergence on the MFI, could signify bullish price action
⚡TD-Sequential red 8 on downtrend, signal of reversal
⚡The Options Chain hints for a reclaim of the 14$ level
⚡Lower targets are unlikely according to the Options Chain
*WARNING* This thread is not financial advice. I am not a financial advisor.
AMC appears to be setting up for another push downBefore you start hating, I am simply making a technical analysis and do not care how strong your hands are. I have zero positions in this nor am I taking one.
We are at a critical level of global support. If it breaks, we could see a push down to either of these green boxes.
We have broken the 44ppma (blue moving average) and currently hooking back to retest it. This is a bearish sign on over extended securities. Watch out for an exhaustion push back out above it to suck in more retail longs.
The next real level of important global support is down around the .618 retracement of this entire leg of money.
AMC UPDATEAMC Tech Idea :
Long entry : Blue zone "First Sign of Bullish
Candles"
Stop : Just below the Daily Demand Zone
Take profit : White Zone
/////////////////////////////////////////////////////////////
Short Target : White Zone (First sign of Bearish
Candle"
Stop loss : (.65)
Profit Target : Yellow Zone
Tools used :
- Algo Fibs / Extension Measurement
- Pitchfork
- (VPOC "Volume Point of Control")
- Demand / Supply Zones
- Parallel Channel