It looks like AMC hits the bottom of $36 twice. Its possible it will go much higher.
AMC have been swinging in the $30s for twos. From the indicator of CCI and the price suggest in the weekly chart of bullish divergence. If AMC closes $43-44 we might see a Bullish Breakaway Candlestick Pattern next week.
What I thought could be seen a breakout today turns what to bearish double top. What I notice yesterday was a bearish divergence in the 15 min chart today the 30 minute chart confirms it. As the price heads higher the MFI indicators highs drops. The key levels price I will be looking at is $36.30-$36.70. If that key support is hold what I seen is probably an...
What I been seeing the past month from AMC dip $53 all the way to $33. Now AMC is slowing retracing upwards. What I seen since Thursday AMC is building what looks like an inverse slanted necking head and shoulder. This could bring AMC back up to $40-44. Will it make $50-$60 by the end of the month? Who knows,
From what I gather we are creating lower lows. If $35.50 was the lower I expect $39.80 is the next high. And then AMC gets reject to the .5 fibbonaci retracement level. If its true. I expect a confirmation of creating an ascending triangle.
AMC algorithim is following a similar pattern like like January to June. So I assume the next two weeks bullish and traping bears. This is what I expect to see. Not a financial advice. So assuming it is repeating pattern, I expect another large ascending triangle be full form when AMC retesting the $50s again.
What we have seen yesterday was a confirmation of a fake out Falling Wedge and then a surge to $41.50 before retracing back to $38.03. What I expect it is consolidating at $38. The question will it get reject on Monday and retest $33 again or it will go much higher.
What we we been seeing the past few days of the market of the $SPY been dipping. So expect more downtrend. What we see are bear pennant or bearish flag.