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AMC

$AMC: Massive Rally Incoming! (72$?)AMC broke out of a large bull flag. The price target of this pattern is 72$. We have also broken out of the Ichimoku Cloud which is a sign of strength. This movement is confirmed by engulfing volume. We have mounted the 20$ level with significant volume (.786 Fib) It is also a large VPVR node making it strong support. We also mounted the .618 Fib at 25.7$ which has become strong support confirmed by the VPVR. We have also retested the bull flag at 26,4$ which on micro time frames is the 7.86 Fib. This retest of the bull flag is a sign of strength because of the large buying volume that appeared at this level. We didn't even wick within the bull flag. Currently we are facing resistance at the 0.5 Fib 29.5-30$ confirmed by the VPVR. We also got resistance at the .382 Fib (33.41$) Later on we have .236 Fib level resistance at 38.31$. The MFI is on a strong uptrend, it looks healthy for continuation. The volume is looking extremely bullish which makes all of the price action valid. Options chain is also extremely bullish. Check the related ideas for a micro-timeframe update. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
8
GME Price TargetsAnalysis done on hourly candles. The infamous Gamestop enjoyed its tenth consecutive day of a bullish rally to start off the week, placing its daily candle back above the 200 day moving average. This is a level that GME broke below in November of last year, and now that GME moved back above it you can use it as a support point. Going into tomorrow you’ll want the daily candle to open above the 200 day MA to be in the safest possible range. Looking at potential breakouts the stock will need to break the 196.00 resistance to potentially move to 200.00-205.00 next. Second price target is 220.00-225.00. This is a high risk position due to the nature of short squeeze plays.
NYSE:GMELong
by hyperstocks
AMC Next Price TargetsAnalysis done on daily candles. It was just less than a year ago that the infamous AMC short squeeze took place and markets were introduced to a phenomena called “meme stocks.” A group of savvy traders came together and found highly shorted companies and began spreading the word to buy them up in order to force bears to buy back position to close out. We saw this same scenario unfold in the last week from AMC and GME, with AMC up more than 100% this month alone. Looking at AMC’s current position it can potentially rally further to 33.00-35.00 and a second price target of 38.00-40.00 if it can maintain the 24.50 support. The higher the stock climbs, the more bears will be forced to buy back positions so watch for strong buying volume if trading the stock, but don’t forget to constantly take profits as it pushes higher. It can be in a matter of moments that buyers begin taking profits and the stock declines sharply.
NYSE:AMCLong
by hyperstocks
AMC, Major Update as promised on 4th Aug 2021 !(( Stopped out. Wave counting need a major update ! )) 4th Aug 2021 (( General trend is still down. There will be a considerable Up going counter trend correction . Then we will have another large down going wave . I will publish the update at appropriate time . )) 4th Aug 2021. Above are my last two updates on the idea published on 15th July 2021 . We found a possible long setup (See related idea for detail), entered and stopped out and predicted the upcoming path accurately! We promised to publish our update in appropriate time and now its the time ! Weekly chart : AMC's decline from ATH to current price can be beautifully charted inside a down going parallel channel in logarithmic scale. Decline shows an ABC form of correction which is almost completed while stock is reaching to strong support formed by the area of price action and different Fibonacci levels of different types . This area has been shown by a green box on the left side chart. Also ,Indicators in weekly and daily time frame are in oversold zone. Daily chart: We have a closer look to correction pattern shown on the weekly. Wave (a) can be decomposed to abcde components to form a leading diagonal . Wave (c) can be beautifully decomposed to 5 leg impulse down with wave iii and v to be 5 legs down themselves . As shown on the chart stock is completing its wave 5 in circle of v of (c) near the strong support. Please note this is the best case scenario as emphasized on the weekly chart. It means there may be some alternative scenarios like this whole abc pattern being just wave A of and ABCDE triangle or next move up being just a connecting wave X or....( For different correcting forms possibilities see related idea published on TSLA if you are interested to get more details). If this proposed best case scenario happens , It makes a new ATH and we can take the advantage of next considerable move up. Good luck my friend.
NYSE:AMC
by SaeedSajedi
6
AMC Just Some CrayonAMC Entertainment has shown the bullish signal and the following points can be considered for the coming days. 1. 1st triangle has broken out and the current price at the time of writing this confirms. 2. Huge resistance at breakout point (1) 3. If it breaks out of point (1) and support zone established at point(2) then the price movement can be expected as per the chart. 4. Ichimoku cloud has crossed the leading span B as per today's movement and its out of cloud formation. 5. MACD line has crossed the signal line on a weekly chart. 6. RSI at 51 on a weekly chart. Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”. If you like my TA & ideas!! Want to keep yourself updated with current market action,Please follow my profile for more analysis. Thank You.
NYSE:AMCLong
by Tron029
A sign of trend reversal in AMC? The Elephant in the room...NYSE:AMC I'll keep the write up short and let the chart speak to you, but a few observations here that a lot of people just won't talk about: 1. Since the runup to $72 AMC has continuously set lower highs. 2. From the peak of $72 in June to the end of November, AMC was successful in countering the lower highs with higher lows. 3. End of Nov AMC broke its major structure created during the run up in June. This pushed AMC to a ascending parallel channel created by the Feb runup, retracement, and the initial kick of the June run. 4. Price discovery During June-Nov respected the entire range of the first June weekly candle. 5. Again, Nov we see a break down out of the Alpha structure to its predominate structure. This was a a warning sign - IN RESEPCT TO TECHNICAL ANALYSIS ONLY. 6. This is when Lower Lows start taking place, working with the lower highs to push the price discovery back down to the range of the last May weekly candle. 7. Dec-Jan we see a case of larger price range as compared to the candle bodies, showing indecision and buyer exhaustion. The first candle body to close outside this range pushed the price down to a new (most current) range. Lower lows and Lower highs have continued through this period. 8. It is also important to recognize the level of support that was broken (created during the Jan - May run. This support and the broken support during June-Nov resistance creates a channel - keep this in mind going forward. 9. Overall, since the run up, AMC has found that is it trading at lower and lower consolidation levels. and lastly.... 10. Not one weekly candle body has closed over its active consolidation levels since June 21'. UNTILL NOW. This in mind, outside of EVERYTHING ELSE besides this chart, its a very positive indication for AMC. This has NOT happened since BEFORE the June run up. Continued... I thought I could stop. I can't. What I am looking for as CONFIRMATION of my bullish feeling (not letting my emotion get to me this time) is a weekly candle that does 1 of 2 things: A. Closes above the swing high created in Dec - this would be >$30 - This is honestly a very hard feat in 5 trading days. This though would not only break the LLLH trend but also push through the descending resistance created at the top of the Jun run AND push through the ascending level of resistance (once support but broken in Jan 22') that creates the lower part of the ascending parallel channel. This is BEST case. This is also NOT as probable as scenario B... B. A weekly close slightly above the 2 mentioned levels of resistance. This is more achievable in my mind from a PURE TA perspective. It won't be easy. Keep in mind the REALITY of the chart. LL, LH - multiple structure breaks to the downside. These are facts. We must talk about the elephant in the room... I will keep this short. Look at the chart, find the next (lower) structure). Until the trend is officially broken, it is telling us that the next structure sellers are targeting is $8.93-14.05. Yes I said it. I will also say this: it is more probable than scenario A. The fact that we got a weekly close out of the current range is a GREAT SIGN that buyers are stepping in again. I suspect major resistance at $22-24 (in regards to this week only). Lets recognize the dilution factor. 5x since the Jan 21' runup. Even at current prices (when compared to the $72 high) the company is MUCH more valuable. It is simple math. The amount of buying pressure needed to get back to this price discovery would need to be MUCH greater than the prior buying pressure. THINK ABOUT MARKET CAP - especially when creating a personal PT. This is a cold hard question that NEEDS to be asked: can a company that runs from dollars to the low 70's sustain that price discovery under the conditions of dilution. This was AMC's biggest "hiccup". Yes this is a fundamental argument, but it DOES factor into TA. In TA you need a PT and SL to create a trading plan - market cap MUST be considered. Keep this in mind going forward with AMC. Disclosure - I am LONG on AMC and have been since Jan 21 <$5 and I have been selling covered calls since NOV when I first noticed the major trend changes - this has served me VERY well and has put me in a position that I was able to accumulate more AMC at $20. Although I will not participate in calls this time, I will slow my selling of them. I LIKE what I see STARTING to develop but I will be PATIENT as to NOT get too excited...yet..until I see what the EOW brings. Please consider the fact I am not taking into consideration ANYTHING outside the chart.. I did not keep this short. No pun intended.
NYSE:AMCLong
by OccamsPhazer
33
AMC looking very bullish!NYSE:AMC 1 Day Chart EMA (Exponential Moving Average): 20EMA is yet to cross 50, 100, and 200 but moving towards the 100 TTM squeeze: momentum is up and squeezed. Fib levels: Currently launching off of the 0 level but still in danger. It needs to cross and hold the .382 level ($22.50) for the bullish pattern to continue (giving the market noise are calm). Candle stick: Bullish Pin Bar followed by a Bearish Pin Bar...This is indecision... Pattern: Bullish Pennant. Price still needs to cross the .382 for confidence and psychological continue momentum. It also has a double bottom which is a bullish pattern. News: Recently invested in HYMC History: It failed the last double bottom in Nov. 8th and crashed heavily. We have noticed a major reversal of trends for a lot of stocks starting Nov. 8th 2021. If AMC fails this double bottom, there are chances it could fall to $13.54. If it holds the bullish pattern, the next prices are $27.71 and $31.04 (both major resistant levels).
NYSE:AMC
by STAKKNATION
HYMC High Risk playNASDAQ:HYMC STAKK analysis on the HYMC stock (www.hycroftmining.com) Chart 1 Day EMA (Exponential Moving Average): Bullish, as the 20EMA has crossed the 50EMA and 100EMA Red line (20) Orange line (50) Blue line (100) White line (200) TTM Squeeze: Trending down, meaning momentum is low. Traders may be taking profits. Also notice that gap down on Nov. 9th has been filled. Fib Levels: Above 2.618. The price has gone parabolic. Price action has to stay above this levels for the bullish trend to continue. Candle Stick: Last few candles are bearish candles. last day candle is a "Bearish Pin Bar" Pattern: Current pattern is an Ascending Triangle. This is a bilateral pattern with could result in either a bullish or bearish price action. News: Hope coming earnings. On March 15th, AMC bought into the company ($194 Million) History: Price have crashed on earnings report. Bullish case: Price action could move to the $1.48 to $1.85 to $2.62 (each are major resistance areas). Bearish case: Price could drop down to $.93 (1 fib) or $.73 (0 fib)
NASDAQ:HYMC
by STAKKNATION
1
Investigating GME (I am super excited)I AM NOT A FINANCIAL ADVISOR. I passed the Series 6, but failed the SIE before I could take Series 63 hahahaha. ************** Following current market cycles we seem to be having ourselves a bit of a melt up even with everything going on. We have also a lot of incoming news, rotation into beat up stocks, and a lot of hype built up on meme stocks. Could this be it? To start, volume is finally picking up! Fees to borrow are crazy high and short #s are posted higher than usual. We are above the 200 Daily and Weekly averages. We are about to have a bullish MACD cross on the weekly. The fibs look setup for some bouncy movement. The list can go on and on... Based off my gut , I am speculating that GME can fill the $290 range gap within the next few weeks. Although I think it is reasonable to assume a dip to test the lows is in order, I have been wrong in the past. Weekly MACD crosses usually have a dip for confirmation before continuing upwards. Therefore I am posting 3 possible scenarios I imagine the price action is headed. Scenario 1 assumes rapid upside to fill gap with very minimal dips or consolidation. This would be wild! Scenario 2 assumes a little dip and a little consolidation before push up towards filling the gap. I see this being the most realistic scenario given we could use a few days of consolidation and possible a dip as the market cools off from recent price action. Hoping this happens soon! Scenario 3 assumes downside to at or around $58, which would scare out a lot of people and then gradual upside to fill gap with very minimal dips or consolidation. This scenario is a worst case scenario, and I imagine would only happen if the market has a fast sell off from recent highs dragging everything down. Wherever the price goes from there idk yet! So we wait :) ************* Please careful with any short term plays, you don't wanna be getting too caught up in premium with options especially if we drop. Also some additional wisdom is that sometimes its safest and smartest to hedge your positions just in case you don't get the timing right. Not financial advice as always. Please feel free to donate some BTC or ETH as always. BTC Address: 1HrvESU1Kin56C9y12jvhTCfmy7euj5HKc ETH Address: (ERC 20) 0x3154ed34fcfd6e54f1747c7f78b2397134fbb17c
NYSE:GME
by jcjurevis
3