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AMC

$AMC: Squeeze On Earnings?⭐Bullish Descending Pattern for over 9 months (Target of this pattern is 72$) ⭐Bottom trendline support bounced the price 4 times with significant volume (Previous1400% gain, strong level of resistance) ⭐Strong bottoming signals on the MFI (Last time this happened a 1400% move occurred ⭐14.8$ Support confirmed by VPVR node + 7.86 Fib + Trendline + Volume ⭐A break above 20$ (Ichimoku Cloud + multimonth consolidation zone resistance + large VPVR node) should lead to a large spike in the price of AMC ⭐24$ Ichimoku Cloud resistance needs to be broken ⭐0.5 Fib (31.8$) Resistance, once this level becomes support the options chain should push the price to higher levels ⭐If a daily candle is closed below the Ichimoku Cloud with a significant amount of selling Volume the squeeze will be delayed (We need daily closes above 16$) ⭐I am of the belief that this is the bottom due to the trendline support + the bullish divergence on the MFI ⭐By looking at the Options Chain a move below 16$ is highley unlikely *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz
2
Where to watch for a bounce as AMC goes lower.In its downtrend, AMC printed the most recent lower high at the $18.92 level on April 19 and the most recent confirmed lower low was formed on April 13 at $16.94. On Friday, AMC was trading down toward what will eventually be the next lower low in the pattern and bullish traders looking to enter for a bounce back up can watch for a reversal candlestick to eventually form. If AMC closes the trading day near its low-of-day price, it will print a shooting star candlestick, which could indicate lower prices will come again on Monday. If the stock is able to find buyers and close the trading day flat or near the high-of-day, the stock will print a doji candlestick or hammer candlestick, respectively, which could indicate a bounce to the upside is on the horizon. The bounce is likely to come soon because AMC’s relative strength index (RSI) is measuring in at about the 40% level. When a stock’s RSI nears or reaches the 30% level it becomes oversold, which can be a buy signal for technical traders. The move lower on Friday was on lower-than-average volume, which indicates the stock may be running out of sellers, which also points toward an imminent bounce. At press time, only about 19 million shares of AMC had exchanged hands compared to the 10-day average of 34.34 million. AMC has resistance above at $17.07 and $20.36 and support below at $14.96 and $12.22.
NYSE:AMC
by AxiomEx
1
AMC Major Upwards Movement SoonA lot of AMC apes are worried about the day-to-day price movement. In my opinion, as long as it doesn't drop below 14.50 for more than a day, I'm hyper-bullish on a run up between now and the start of August. Keeping calm and accepting that this could take a couple more months before it blows will do wonders to investors' mental health. Stop worrying about little drops. The stock is still within it's descending triangle. Soon, but not that soon we will break out. Be smart. Be patient.
NYSE:AMCLong
by BakedSpud32
1
$AMC: Bullish Reversal Incoming?⭐4H chart huge falling wedge ⭐Target of the falling wedge is 34$ ⭐7.86 Fib level mounted as support (17.5-17.3$) ⭐20$ Resistance confirmed by EMA Ribbons and large VPVR node on the daily chart + 4h ⭐4H MFI bullish divergence, primed for a large bounce ⭐Strong bottoming signals on the daily chart, TD-Sequential red 9 + Vix Fix indicator. We barely wicked below the Ichimoku Cloud which is bullish. A daily close below the Ichimoku Cloud is bearish. ⭐Descending Volume while price consolidates is bullish ⭐Break and hold above the daily Ichimoku Cloud = Bullish ⭐Right now a daily close above 18.5$ is needed to confirm the bottoming signals ⭐Options chain looks bullish, a weekly close above 20$ is likely. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
$AMC had a short lived Bullish run. What is next?NYSE:AMC Chart - Daily EMA (Exponential Moving Average): 20 EMA crossed the 50 EMA but couldn't hold for the next cross over 100 EMA. It is currently trending downwards towards the 50 EMA. TTM squeeze: All momentum is puff, gone. Squeezing downwards :( Fib levels: We now have a reversed fib and at .382 it's the beginning baaaaad news. It must fight off .618 or we headed down for the 1 fib ($13.77). Candle stick: Three Black Crows followed by a Bearish Engulfing. This is baaaaaaaaaaaaaad! Pattern: Falling Wedge or should I say Bearish Price Channel Continuation. News: I really think it's just the volatile markets and the continued fed data about CPI, SPI, and War. History: Well last start first by looking at the previous moves and analysis; We suggested the moves to $27.71 and $31.04 which were right on point. We even got a little extra. The current trends are the exact opposite of the previous analysis. We say this to say that the probability for $AMC to go back to $13.87 (1 fib reversal) is super high given the current market conditions. Especially with today's CPI data of 8.6% for the month of March. Maybe $HYMC could come to the rescue but they seem to be facing the same fate.
NYSE:AMCLong
by STAKKNATION
AMC - 12 Target within RangeWith all the excitement recently around the #wallstreetbets drama in #AMC many continue to chase the 'what if' and are looking at AMC as something it's not. AMC is the same company it has already been. Until AMC has a change in complexion in the chart structure -- the trend is your friend in the descending direction. Until the market structure of AMC changes on the charts the sentiment remains the same. Everyone is banking on another short squeeze, but what if that never comes?
NYSE:AMCShort
by bsdvs23
1
$AMC: Make Or Break⭐AMC is in a huge falling wedge starting from 30$ ⭐Breakout of the falling wedge give us a target of 30$ + ⭐17.5$ Support needs to hold with significant volume ⭐MFI strongly oversold (Bullish Divergence, icoming?) ⭐Volume is lower than before while price is dropping (Bullish) ⭐Vix Fix Indicator strong signal of a bottom ⭐Ichimoku Cloud is green, which could indicate that price is about to make a reversal ⭐Break below 17.3$ (Daily close below) = Bearish ⭐Ichimoku Cloud support 17.3$ needs to hold with significant volume ⭐50K Open interest at 60$ (When 34$ is broken AMC should start running) ⭐Break 20$ (23.5k Open Interest and gamma will start having a positive effect on the price of AMC)
NYSE:AMCLong
by Patriick2jz
1
$AMC BearishOn my last chart of AMC we identified the demand zone and eventually blew right through out target! Now we're hear to look at the reverse of that outcome. I know the bulls and 'ape land' won't approve of this sentiment; nevertheless, I foresee price action returning back to our $12 - $14 range and that could happen within a short duration of time. Let's call it within the next 30-45 days to be conservative; however, I really hate to ever put durations on anything when it comes to the markets.
NYSE:AMCShort
by bsdvs23
$AMC: Really Important Day!⭐20$ Support must be held (Ema Ribbon support), previously this level was a huge level of resistance causing a 3 month consolidation. 20$ is also a large VPVR node that needs to be respected for bullish continuation. 20.9$ is the 7.86 Fib which is a good long term retracement zone. ⭐TD-Sequential red 9 which often indicates a bottom ⭐Looks like the MFI is forming a bottom ⭐Bearish TK-Cross on the Ichimoku Cloud (Bad Signal) most likely if the 20$ level holds this should be ignored ⭐We are retesting the large bull flag. This retest must hold as support ⭐For bullish continuation we need to see a good bounce with a significant amount of volume and a daily close above 23$ ⭐Daily close below 20$ is going to be bearish (Highly unlikely scenario) ⭐Options Chain looking bullish, lower levels barely have any Volume or Open Interest *WARNING* This thread is not financial advice. I am not a financial advisor.
NYSE:AMCLong
by Patriick2jz