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AMC

Amc wycoff decending wedgePhase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. The approaching diminution of supply is evidenced in preliminary support (PS) and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of shares from the public to large professional interests. Once these intense selling pressures have been relieved, an automatic rally (AR), consisting of both institutional demand for shares as well as short-covering, typically ensues. A successful secondary test (ST) in the area of the SC will show less selling than previously and a narrowing of spread and decreased volume, generally stopping at or above the same price level as the SC. If the ST goes lower than that of the SC, one can anticipate either new lows or prolonged consolidation. The lows of the SC and the ST and the high of the AR set the boundaries of the TR. Horizontal lines may be drawn to help focus attention on market behavior, as seen in the two Accumulation Schematics above. Sometimes the downtrend may end less dramatically, without climactic price and volume action. In general, however, it is preferable to see the PS, SC, AR and ST, as these provide not only a more distinct charting landscape but a clear indication that large operators have definitively initiated accumulation. In a re-accumulation TR (which occurs during a longer-term uptrend), the points representing PS, SC and ST are not evident in Phase A. Rather, in such cases, Phase A resembles that more typically seen in distribution (see below). Phases B-E generally have a shorter duration and smaller amplitude than, but are ultimately similar to, those in the primary accumulation base.. Phase B: In Wyckoffian analysis, Phase B serves the function of “building a cause” for a new uptrend (see Wyckoff Law #2 – “Cause and Effect”). In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more) and involves purchasing shares at lower prices and checking advances in price with short sales. There are usually multiple STs during Phase B, as well as upthrust-type actions at the upper end of the TR. Overall, the large interests are net buyers of shares as the TR evolves, with the goal of acquiring as much of the remaining floating supply as possible. Institutional buying and selling imparts the characteristic up-and-down price action of the trading range. Early on in Phase B, the price swings tend to be wide and accompanied by high volume. As the professionals absorb the supply, however, the volume on downswings within the TR tends to diminish. When it appears that supply is likely to have been exhausted, the stock is ready for Phase C. Phase C: It is in Phase C that the stock price goes through a decisive test of the remaining supply, allowing the “smart money” operators to ascertain whether the stock is ready to be marked up. As noted above, a spring is a price move below the support level of the TR (established in Phases A and B) that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop below support appears to signal resumption of the downtrend. In reality, though, this marks the beginning of a new uptrend, trapping the late sellers (bears). In Wyckoff's method, a successful test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity. A low-volume spring (or a low-volume test of a shakeout) indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. The appearance of a SOS shortly after a spring or shakeout validates the analysis. As noted in Accumulation Schematic #2, however, the testing of supply can occur higher up in the TR without a spring or shakeout; when this occurs, the identification of Phase C can be challenging. Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions. Phase E: In Phase E, the stock leaves the TR, demand is in full control and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level TRs comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in Phase E. These TRs are sometimes called “stepping stones” on the way to even higher price targets
NYSE:AMCLong
by aceventur
$AMC: Slingshot to 145$AMC has been trading under a deschending pattern for almost a year. This pattern has sent AMC to the largest VPVR node at 14$. AMC has not managed to close a daily candle below 14$. This is a good sign due to the significance of this large VPVR node. The 14$ level is the largest zone of liquidity that needs to be respected for the bullish continuation of AMC. If the 14$ level breaks which is highly unlikely we will consolidate and reject of this level for a while. This would delay the trade significantly. This possibility is highly unlikely and will most likely not take place. This descending pattern we are trading under is a bullish pattern which has caused the previous run-up of AMC. The support trend-line of this pattern has 8+ Touchpoints confirmed by buying-volume which makes it valid support. The trend-line of resistance has more than 5 toucn points confirmed by bearish divergence on the MFI + CM_Ult_RSI + the selling volume once this negative trend-line is toutched. As of now the support-trendline of this pattern is located at the 7.86 FIb which is a good long term retracement. Currently we are finding resistance at the 20-21$ level which is confirmed by the VPVR, bearish divergence on the MFI + CM_Ult_RSI. This resistance is also confirmed by selling-volume and the 6.18 Fib. Once this level is broken it will become strong support which will cause a parabolic move for AMC Stock. The VPVR is illustrating a large volume gap above the 20-21$ level. 20-21$ is a large point of resistance which has been respected and confirmed by selling volume. Once 20-21$ is broken we should instantly move to 26$ hold above and have a breakout to 30$. AMC also had a positive Q4 which is really bad for owners of short-positions. This earnings-report can cause the reversal of AMC. The MFI + CM_Ult_RSI have been displaying a descending pattern on the 3D chart. Once this pattern breaks AMC could go parabolic. The CM_Ult_RSI fired a buy-signal at the bottom of AMC, since then this indicator has been displaying higher-lows and a strong bullish divergence. Once the descending pattern breaks on the CM_Ult_RSI Amc will most likely break 21-30$ easily. Another thing to note is that the selling-volume is being faded away. Short sellers are not strong anymore. I am soon expecting a large bullish Volume Spike to engulf the previous bearish volume. At the current state a retracement to 14$ would be unlikely. The most activity on the weekly Puts on AMC are located at the 17-19$ level. This is most likely where the week will be ending. The most activity on the options chain by open interest and volume is located at 17-20$ which is most likely going to be the trading range of this week. We also have 8000 in open interest for 40$ which looks interesting. This could be hinting for a large breakout of the descending pattern. My price target remains to be 145$. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
10
SPY PRICE TARGET OF 431 - MARCH 3SPY is currently in a larger, but similar pattern to the one it completed about two weeks ago. It appears like a slanted W, and is caused by short sellers taking profit, but bulls not having enough momentum to create a higher high. Just like the previous (yellow) pattern, price did complete a very slight higher high (0.5% both times) and should now reject. The On Balance Volume indicator is also showing the start of a down trend in volume, another possible sign. I will be looking out for put opportunities tomorrow, March 3rd.
AMEX:SPYShort
by SJ_CAP
8
$AMC: The Ultimate Battle of 21$It was a long time ago AMC closed a daily candle above 20-21$. This level is significant because it is currently holding us in a downtrend. The last 2 trading-weeks we have formed a double at the 21$ level which has caused a retracement to the largest VPVR node 14.90$. This level bounced the price once again and support was held. We have successfully broken the resistances of 16.6-17.7$ and turned them into support levels. As of now i am expecting 17.7$ to hold as support to help break the 21$ level. The 21$ level is a confirmed resistance by the double top pattern, green TD-Sequential 9 on the 1H chart, the basis of the Donchian Channels on the 2D chart and the large VPVR node that is found at this level. A break of this level will confirm the ultimate reversal of AMC. If the 21$ level breaks with an engulfing amount of volume we will eventually make the push towards 30$. Once this happens the 30$ Options will start printing which will cause a rally to the upside. There are significant gaps on the VPVR which indicates that the reversal of AMC will be easy once broken out of 21$. The MFI also hints for a strong bullish divergence which could indicate that the 21$ level will most likely be broken this week. Tomorrow AMC has Q4 earnings. AMC will most likely beat Q4 which could cause AMC to rally. If the S&P 500 + other indices help we will see the ultimate reversal of AMC back to the 30$ range. The most options activity for the week is to be found at 18-25$ level which will most likely be the trading-range of this week. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
#AMC - YOU TRIED, BLESS YOU ALL...Enjoy. For the record, i said back in Dec2020/Jan2021, that this wouldn't end well for the simpletons thinking social media terms like "diamond hands" and "hold the line" ever would have worked out, and thanks to Evergrande (3333.HK) and Inflation, its NOW time for those little slogans to REALLY get tested. Lets see how "diamond" your hands are soon, when you're wife is blowing your neighbour for a can of beans. as i said....Enjoy...
NYSE:AMCShort
by TuataraW20
11
$AMC: Huge Potential of Upside!The market has been wild for the past couple of months. The economy is looking really bad which has caused the S&P 500 + other indices to retrace. This has brought selling-pressure to AMC causing it to trade in a large downtrend. Finally this downtrend has been broken. We made a quick push to get rejected by the 21$ level. This is a significant level for AMC due to the fact that we double bottomed at this level in December. The 21$ level is a large level of resistance confirmed by VPVR and selling volume. In addition we also had a green 9 (daily chart) on the TD-Sequential hinting for a retracement. As of now AMC has made a deep retracement to the 7.86 FIb level. This level is a healthy long-term retracement. We have now confirmed a doubble bottom at this level. The VIX-Fix on the 4h chart indicates that we are at or near a bottom. Bullish Divergence is visible on the MFI which leads me to believe that AMC will have a retest of the 18$ level. The level of 18-20$ are large levels of resistance confirmed by the VPVR and the selling volume once reached. We also have a red 8 on the TD-Sequential on the 4h chart. The significance of the TD-Sequential on the 4h chart can be displayed while looking at previous trading days. Once a red 8-9 appears it indicates a bottom. The volume is also starting to pick up which is a good sign of reversal. For AMC to remain bullish we need to see a 4h close above 16.73 confirmed with good volume. We have to establish strong support at the 16$ level beacuse it is a large VPVR node. The EMA Ribbons are used as resistance at the 17-20$ level. When these are established as support AMC will look amazing. AMC also has earnings in 5 days. This could get the stock price to increase significantly. The earnings are estimated to be positive which could be really bullish for AMC. If AMC beats earnings and the S&P 500 + other indices rise AMC will follow really well. Looking at the options chain AMC will most likely be trading around 15.50-20$ this week. The most open interest is located at 20$ which is a good sign. Lower price targets are not in the cards for AMC by looking at the options chain. Most likely the week will close at or well above 16$. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NYSE:AMCLong
by Patriick2jz
4
AMC - Nasty Double Top. All Eyes On SupportWhile NYSE:AMC broke out of 200EMA resistance earlier this month, things do not look good for longs currently. We see a nasty double top on a strong resistance level, followed by a close below the recent upwards swing. We see both buyers and sellers trying their best to steer price levels to go either way, as seen from multiple dojis on a CRUCIAL support level. Whether or not this level turns into resistance, is anyone's guess. Personally, I am looking to enter a short position once price falls through support and sets us up for a beautiful double top setup. As with meme stocks, I would refrain from holding my position for a prolonged period of time in the event of an unlikely short squeeze. Will be monitoring AMC closely today. Happy trading
NYSE:AMC
by sooshiz
1
[WSB] AMC is moving in a Cup & Handel - Targeting 32$We're looking at the 1 hour chart for the AMC stock price and things look quite good after the recent drop in the whole stock market. The previous downtrend was very intense and got extended by fear about inflation & the planned interest rate hikes throughout 2022. We saw the market bottoming out about 3 weeks ago. While the whole market is retracing, we see different patterns emerging among the many stocks we can trade. The AMC stock price is currently printing a Cup & Handle on the intraday chart. We could've spotted the trendchange for the stock price with a "change of market structure", a very basic but powerful pattern (covered that in one of my videos extensively). The price is moving from lower highs to lower lows within a downtrend. As soon as we see a change of structure, the price will aim for higher highs and higher lows. The circumstance is underlined by a rounding bottom, which forms the cup. What we want to see is decreasing volume during the downtrend & increasing volume during the uptrend. This translates to the sellers being exhausted and the buyers being back in control. The price is sitting right below a key level at 20$, which has been relevant for the past 5 years. We saw many support/resistance flips at this price level and the chances for breaking this level within the current upwards trend are pretty high. This price is the break-out level we're looking for. During the past trading-days, we can observe the price being rejected at the 20$ mark multiple times. Still, buyers manage to push the price further in this direction - which increases the probability for the breakout. I'm also expecting this price level to be an important support during 2022. When we're looking for a target projection for the Cup & Handle pattern, we measure the decrease in price from the breakout level to the bottom of the Cup (53.18%). We use the same size to project a target from the breakout level, which brings us to 32$. Coincidentally this price is also our previous high from December 2021 and the starting point for the downfall. We can expect some sell pressure there (traders breaking even or taking profit). I'm expecting the price to aggressively move towards the 32$ level within the next 3 weeks. Those 3 weeks are leading to the earnings, which are expected to be better than the forecast. I don't think that this is priced in yet and especially short-term traders will join the train for short-term gains. This additional momentum, combined with the option market/ shorts being liquidated, will fuel the upcoming breakout. Looking forward to it! I'll keep you guys updated.
NYSE:AMCLong
by Anton_XBT
2
AMCAnalysis done on hourly candles. A year ago around this time AMC was gearing up for one of the biggest short squeeze moves in its history, bringing its share value to a high of 72.00 at one point. Since then however, AMC has been on a consistent decline along with other short squeeze "meme" stocks like GME. Short squeezes occur when companies have a high number of investors / hedge funds selling their shares "short", in layman's terms this means they're borrowing to sell shares at a higher price and plan to buy them again at a lower price and keep the difference. AMC holders are still hoping for the day to come in which another short squeeze takes place, but the timing of when it will happen is nearly impossible to tell. AMC currently has a 22% short float, which makes it a solid contender for a squeeze. Looking at the company itself, AMC is not company that suggests any robust growth in the coming years. Their upcoming earnings may be boosted from Spiderman's astonishing box office numbers, but overall it's not one that's recommended for a long term investment. The short term may bring about a short squeeze if its breaks above key levels, especially if they get a strong earnings catalyst to boost them.
NYSE:AMC
by hyperstocks