First and foremost, good job 
AMC apes, bulls, and anyone else that is united in the fight against hedgies. We are winning. Collectively, we can take down the hedgies and their sick manipulation tactics. Mathematics is on our side, and we have and will continue to prove it.
Why am I targeting hedgies? Because for years, they have used and abused the technology that they have in their possession and their massive funds to continue to suck dry not only retailers, but take down companies by shorting them to the ground. It is clear the hedgies have been targetingAMC and 
GME recently because they *think* that they can get away with what they have been doing for years time and time again. But the small fish have had enough of being tossed around like ragdolls by the big funds. Wall Street caused the 2008 financial crisis. Many who got rich on the blood of the common man. It is now time that they pay.
"Live by the sword, die by the sword"
I keep telling everyone that just ONE hedge fund has enough money to hand out $5000 stimulus checks to every American and still have money left over. How have they amassed this wealth? By manipulating the stock market. We can go in depth, but I am here to present the technical picture of $AMC. There is a lot of DD (Due diligence) that is being done every day and we will continue to do more DD to expose the hedgies and the corporate media that support them such as the scumbags at CNBC, Bloomberg News, and other sh*t heads that will tell you thatAMC is a sell. They bring in smart alecs that have "suggested" shorting TESLA for years and years and years. These fools do not want you to amass any wealth. They want you exactly where you are.
Let's begin our analysis onAMC
As you can see, we failed to close above $14.01. This failed to put a lot of option calls in the money on Friday. However, I believe this was a desperate attempt to hurt the bulls. The bulls have been winning for 3 weeks straight. Every time that the price is about to make an insane rally, the hedgies come down and smack it down. But their sell orders are always scooped back up. This is why they continue to attempt to flash crash the price every time there is a breakout. They continue to add short positions and puts at these LOW LEVELS. There are institutions who on our side who are bullish and understand this and continue to accumulate long positions and soak up the sells. The best thing we can do as a collective group of retail traders is to NOT panic and continue to buy dips. You must remember that the more bearish the hedge funds get, the more they will suffer when the squeeze occurs, because they will have nothing left to short and will be forced to cover their shorts. The liquidation of the shorts will fuel a massive rise to the upside.
We know thatAMC is now bullish due to the breakout on the weekly chart. We have broken out of the trendline that is on the weekly chart. This trend line is highly significant as it spans a steep downwards slope line all the way from the All Time High of the 35.00 level. We can also clearly see that we have closed a bullish weekly candle ABOVE the orderblock (the box) that was previously a strong resistance. The chart has now completely reversed the downtrend. At this point, we are now taking out all the previous lower highs. The first lower high that is of significance is 17.07. I have marked all the significant levels on the chart using ray lines. These are the levels that we must be closing bullish candles above in order to see a massive break out to $50 and above. I believe we can do it, but we must stay focused and look at the overall big picture. The chart continues to be bullish. Even though the smaller time frames show dips and bearish patterns, we are continuing to win on the weekly scale which shows a trend that will continue bullish for the months ahead.
I have outlined all the important levels on the chart, and my forecast.
When in doubt, zoom out.
Stay Strong
AMC apes, bulls, and anyone else that is united in the fight against hedgies. We are winning. Collectively, we can take down the hedgies and their sick manipulation tactics. Mathematics is on our side, and we have and will continue to prove it.Why am I targeting hedgies? Because for years, they have used and abused the technology that they have in their possession and their massive funds to continue to suck dry not only retailers, but take down companies by shorting them to the ground. It is clear the hedgies have been targeting
AMC and GME recently because they *think* that they can get away with what they have been doing for years time and time again. But the small fish have had enough of being tossed around like ragdolls by the big funds. Wall Street caused the 2008 financial crisis. Many who got rich on the blood of the common man. It is now time that they pay. "Live by the sword, die by the sword"
I keep telling everyone that just ONE hedge fund has enough money to hand out $5000 stimulus checks to every American and still have money left over. How have they amassed this wealth? By manipulating the stock market. We can go in depth, but I am here to present the technical picture of $AMC. There is a lot of DD (Due diligence) that is being done every day and we will continue to do more DD to expose the hedgies and the corporate media that support them such as the scumbags at CNBC, Bloomberg News, and other sh*t heads that will tell you that
AMC is a sell. They bring in smart alecs that have "suggested" shorting TESLA for years and years and years. These fools do not want you to amass any wealth. They want you exactly where you are.Let's begin our analysis on
AMCAs you can see, we failed to close above $14.01. This failed to put a lot of option calls in the money on Friday. However, I believe this was a desperate attempt to hurt the bulls. The bulls have been winning for 3 weeks straight. Every time that the price is about to make an insane rally, the hedgies come down and smack it down. But their sell orders are always scooped back up. This is why they continue to attempt to flash crash the price every time there is a breakout. They continue to add short positions and puts at these LOW LEVELS. There are institutions who on our side who are bullish and understand this and continue to accumulate long positions and soak up the sells. The best thing we can do as a collective group of retail traders is to NOT panic and continue to buy dips. You must remember that the more bearish the hedge funds get, the more they will suffer when the squeeze occurs, because they will have nothing left to short and will be forced to cover their shorts. The liquidation of the shorts will fuel a massive rise to the upside.
We know that
AMC is now bullish due to the breakout on the weekly chart. We have broken out of the trendline that is on the weekly chart. This trend line is highly significant as it spans a steep downwards slope line all the way from the All Time High of the 35.00 level. We can also clearly see that we have closed a bullish weekly candle ABOVE the orderblock (the box) that was previously a strong resistance. The chart has now completely reversed the downtrend. At this point, we are now taking out all the previous lower highs. The first lower high that is of significance is 17.07. I have marked all the significant levels on the chart using ray lines. These are the levels that we must be closing bullish candles above in order to see a massive break out to $50 and above. I believe we can do it, but we must stay focused and look at the overall big picture. The chart continues to be bullish. Even though the smaller time frames show dips and bearish patterns, we are continuing to win on the weekly scale which shows a trend that will continue bullish for the months ahead. I have outlined all the important levels on the chart, and my forecast.
When in doubt, zoom out.
Stay Strong
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.