AMC
MOASS or loss porn? An opinion on AMC Entertainment.Dear babbling smooth brained baboons of the interweb, it's your ol’ boy Magnus here!
I have come to present a case for AMC. I do believe we are about to witness the end of the “battle for $40” in the war of “The smooth brained simians vs. The hedgies“.
Now dear fellow, I know you have never seen such artistic magnificence before! But do stop licking the screen and allow us to move along, ei?
Well, as you can see. According to my most sophisticated calculations we should either MOASS or have lots and lots of epic loss porn for our ape brethren over at r/wallstreetbets before the year is out!
Disclaimer: This is not financial advice. It is an opinion. Magnus is not a financial advisor.
Time to get long$AMC is very hardly testing on the fib levels
The fib accompanied $AMC in the last time and when it will keep going like that
we will see a reversal bc. of that resistance building at the current fib level.
The MFI is telling is that we are currently in a oversold area so we can suspect that the price
will pop up to the next fib level when possible.
-$AMC technical analysis
AMC SCENARIO 1 WITH VOLUMEThis schematic may become redundant and since we had a spike in volume when attempted to trade in a lower range, price was immediately bought up. May signify that there is some strength to the original bull trend we waited for months on.
The recent bear trend seems to also be flattening put on the average directional index, which could mean we may finally start seeing some upside.
Else, if volume does not suffice, we can see this going way lower. Which i will release a scenario 2 on.
This will strongly depend on the policies fed cooks up and presents tommorow.
Not financial advice.
LFG
AMC Stock - oversold - Ready to go UP ?Hello Traders !
AMC is to buy ?
This stock is quite oversold, i think this is the right moment to buy !
We should see in the following days/weeks a strong bullish move ?!
The long term forecast is good ! Invest NOW around 26$
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AMC an incredibly realistic alternative scenarioVolume is king, if we don't see volume picking up this could be really bad for AMC.
Institutions will monopolize either way depending on the retails mood, the market is a reflection of peoples thoughts on it, and the market reflects those very thoughts.
So far, it seems we are okay, if we can bring some strength to this stock, we can see this run next week or maybe even the next few days.
The retail must believe in it, i see it as the only way.
Not financial advice
#AMC200 LFG
Volume 4: Gamification of the Stock MarketsIt's time for another volume of SPYvsGME.
I haven't been writing much about GME for some time now because I was in a dark place and needed to take a break to clear my head.
I spent a majority of my time getting refocused on work, family and learning to trade in my spare time.
Now it’s about time I explain how I started my fixation on the stock markets and GME some 10 months ago (Jan 27th to be exact).
Elon's tweet was really what caught my attention, but it was the fact that Gamers were being attacked in the media for causing a market calamity that upset me the most.
I was offended. I'm a lifetime gamer ever since I turned on an Atari for the first time. I'm an OG Twitch lurker (before it was twitch, aka justin.tv). Playing games was my life.
What's really sad is I gave up video games to join the biggest game on the planet. The Stock Market!
It was quants (quantitative market analysts), MSM, and investors whining about gamers invading the stock market over covid that solidified my love for the game.
It wasn't until I got burned by VIAC and Archegos Shenanigans that made me realize everyone treats it, even the banks, government and main stream media, exactly like a Game.
After losing a gross amount of money on VIAC, and everyone telling me to suck it up kid, it made me realize the rules were the same as games.
There is always a Winner and there is always a Loser.
People on reddits wallstreetbets didn’t like my opinion very much because I saw through the DFV and citadel narrative the first weekend after Jan27th.
Without any prior knowledge of markets or GME I was able to dig past the noise and find real truths that nobody wanted to listen to. I still don’t like talking about what I found that weekend, and likely won’t try to anymore.
The more I dug that weekend, the more I realized it was all just a larger game taking place and gamers were the target.
Banks wanted all the stimulus money in the markets and knew the only way was through Crypto and Gamification of the stock market.
Truckloads of money were being invested into companies like Robinhood prior to Covid and Gamestop.
Robinhood was making crypto and stocks a gamer's dream, and they all knew it before GME.
The problem was that we gamers were being led to the slaughter where titans like hedge funds Archegos reign supreme.
What I don’t think they anticipated was how the best gamers are lifetime gamers. We never quit the game until we win. I don’t think they understood the gamers they were openly invited into the game are the people that made their lives so easy.
The coders, the accountants, the garbage men, the chefs, the waiters, the dishwashers, the delivery guys were all lifetime gamers. We would do our mundane jobs every day and live out boring lives until we got our chance to be titans in our dark rooms and basements with only a monitor to light our faces up.
You thought we were fat slobs that never left our mom's basement and screamed “MAaaam, More Hawt Packeets”. When in fact we are the core economic resource that made the wheels spin.
We thrived in our video games, we could be who we wanted to be and do what we wanted. Play the games we wanted and win the way we wanted. We were in control of our games. In control of our lives.
Now that we are here and markets have all our stimulus money, they want us to quit. Guess what. #NotLeaving.
10 months later, we’re still here. We’re like roaches, you can do everything to try and get rid of us. You may get some of us, but you’ll never get rid of us all.
You enticed everyone to load up on more bad debt and margin to collapse the world economy 4x over and now you don’t know what the hell to do with us.
I’ll give you the secret. Don’t try to force us out. Help us manage our lives and the game because those of us that want to be here are not leaving and continue to level up every day.
There are so many seasoned investors to learn from here on trading view, Reddit, Fintwit and discord rooms you can’t silence them all.
You can pile on rules and regulations but you fail to grasp that we are here to win. Rules are meant for games, the real gamers will play by the rules and win by the rules because of our ability to adapt to rules that are constantly being changed to slow or stifle our progress.
You are our opponents in the game. Expect to lose some because we are sure as hell are learning to win the longer we play the game.
Game On!
AMC: Shorting OpportunityAMC - Short Term - We look to Sell at 34.12 (stop at 39.53)
We look to sell rallies. Previous support at 34.50 now becomes resistance. 50 4hour EMA is at 35.78. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 34.50, resulting in improved risk/reward.
Our profit targets will be 20.38 and 17.10
Resistance: 34.50 / 44.10 / 52.50
Support: 27.00 / 17.00 / 14.70
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AMC Stock Must SeeAMC is currently following a bullish schematic to a tee. According to the schematic it is at the yellow arrow, just shy of a large rip upward. If this scenario plays out, expect a quick pull back then impulse up on higher volume. Notice how the pull bak to the 25 level is exactly to the 618 Golden Pocket. This chart is convincing, however a break of 25 would invalidate. Snipe from the corner : if this is valid there will be a full throttle rip on 12/22-12/23.
AMC Stock Chart 12/8This is a potential chart for AMC that follows a repeating fractal found on several different time frames. Break above 40 , I am bullish. If not it will be dragged down to the 1.618. Price targets is 29 for tomorrow. Bearish until AMC breaks this down trend and we see a substantial increase in volume and or break above 40. Also have a bullish scenario on a different fractal that I will post later with more confluence. In my opinion, AMC will see a quick move to the high 30s after a slight pull back to 28-29, if it fails to break the downwards channel on this thrust it will fall hard.