dredmond1

dredmond1

Don't get shaken out here guys. Clear Wyckoff Schematic 1 pattern formation. Check out volume spike Friday and today (8/14). Massive accumulation at these levels.

dredmond1

Waiting for the judge's approval on the conversion to reach our spring low. Thinking mid July but no one but the judge knows this. CTB fees and FTD's at crazy levels on AMC common currently, which in my opinion could cause the Phase C and D to happen extremely quickly by mid August assuming conversion in mid-July. APE waiting for the trigger up as well.

dredmond1

If conversion approved by court I see something along these lines. If conversion somehow denied then I imagine schematic 2 would be more accurare before ultimately the company going bankrupt because of inability to raise cash. 99% certain conversion is imminent and ultimately will provide AMC the liquidity to thrive. Showing October as the big move because I...

dredmond1

Adam and eve pattern formation. Up from here. I believe Antara has been intentionally forming this very powerful pattern with well timed sell orders.

dredmond1

Schematic 1 would make more sense with the AMC\APE conversion on deck but Schematic 2 is following almost move for move... Regardless of which schematic the stock will be going up significantly within 2-3 months.

dredmond1 Updated 

As you see here The symmetrical triangle is due to break this week. While usually a continuation pattern (which in this case would be to the downside) I think there is a lot of confluence with Fibonacci levels and the AMC/APE settlement meeting scheduled for Tuesday morning that shows this breaking upwards to the ~$2.30 level. If trading this pattern this week I...

dredmond1

APE breaking upwards out of its ascending triangle pattern. Easy money.

dredmond1

A little clearer version of the insanely obvious Wyckoff accumulation pattern AMC is going through currently. Looking for $2.30-$3.30 to be the spring.

dredmond1 Updated 

I hate when people point out Wyckoff patterns but this one is pretty obvious. Hopefully I am wrong with breaking the January low.

dredmond1 Updated 

Possible diamond bottom pattern forming on APE. Target around $1.75.

dredmond1

A lot of confluence and symmetry playing out. Here is what I see happening over the next 2 months.

dredmond1

Nearing the bottom of our support channel on the log chart. Expecting a small move down at most and then a recovery to the midline around $5.20-$5.30.

dredmond1

Although the ongoing frivolous court case has gotten the price lower than expected I do believe we are going to bottom on APE tomorrow (3/17/23) at around $3.20. This will be the end of the falling wedge pattern I have been following this past month and also coincides with the 0.786 fib retracement level. My guess is we bottom out here tomorrow due to the pattern...

dredmond1

You can't make this up. Perfect retest of the .786 retracement level on the AMC+APE chart. Looking for up and to the right from here!

dredmond1

AMC/APE has their vote for a 1:1 conversion on Tuesday 3/14. All AMC and APE votes will be counted but due to the pending lawsuit only the AMC share count will be released to the public. If the vote for conversion and reverse split with AMC shares only is a Yes vote to both then the lawsuit will essentially be null and void. If this happens the APE price by...

dredmond1

Interesting symmetry i noticed on the AMC+APE chart. LFG!

dredmond1

I have been following this "broadening bottom" pattern since before the December low. Finished the week on the .618 retracement to the penny! Cant make this stuff up. Very bullish! NYSE:AMC NYSE:APE

dredmond1

Looking at 5.13 for the rebound. 0.618 and also lines up with the bounce off of the falling wedge for a retest since breakout. Also would form a double bottom. Very bullish imo. If $5 fails on a daily looking to retest the bottom of the wedge in the low 3's.