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AMC

AMC potential countAs all Elliott Wave counts can be interpreted different, this is just one I have been going over and one that I like. A lot of confluence with the count; with it needing one more leg down for an orange wave 5, bringing it to the overall red ABC count down to $21. Orange 5 waves down has a potential target of $20.74. Red ABC count down C has potential target of $21.02. I like finding as much confluence or "makes sense" counts. To add to it, the overall larger count, from going from the $4 range to the rocket up to $70, the .618 fib retrace overall in White comes to $19.90. With the Elliott count, there is also the trend lines, and currently per one we have falling down and under support. I'm leaning slightly bearish with targets of first $25 to retest the low, and if fails, then test of $20. I think if $25 holds and a higher low is put in, it could try to go back up to the $37 range to regain trend support. As of right now, I'm leaning lower and any trades I would do I would keep low risk.
NYSE:AMC
by PT_Marche
2
INDEX SPX UPDATESo the Market index SPX seems to be going for a minor correction, if followed with major negative fundamental news we can see this going below the Logarithmic curve. Ukraine - Russian War. Chinese FUD Fed and money printing issues ( Averted until Q1 Next year) Government shutdown etc Bond repayments. Overall these indices affect the entire market, and analysis on indices should not be taken lightly. My take: We may see minor correction in the broader market or may have minor correction to be bounced off the curve. But it wont be a full blown crash to 4000$ region or so. Not financial advice.
SP:SPXLong
by ary2001
#BBIG - SHORT!!!!Here you go Javier, published just for you buddy! Short on BBIG for a number of reasons, mainly technical more so than fundamental. Technically speaking; - Runaway gap formed during the Jan 2021 bullish move that was partially faded, but still left a gap between $1.60 & $1.95. 2 other minor gaps (Orange boxes) formed this year also, equating to THREE gaps in price total. - Previous ATH was $11+, with bulls only managing to get it over briefly, and failed to create any relevant support to build on. - Currently in a bearish wedge pattern, which if unable to reverse at this key $4 level, could result in lower levels being tested for support ($2-3). MY ONLY BULLISH SENTIMENT is that at current price levels, we could see a new bullish wave form bringing price back up to meet the $5 or $6 levels again, which would coincide with my TA well. So there it is, on an INTRADAY/TRADING mindset, im very bearish on BBIG, however, if my TA come through, i would be flipping my stance to a bullish outlook around the 1-2$ levels.
BShort
by TuataraW20
11
AMC PRE MARKET FORESIGHTFor today I am currently looking at the November job report earnings, which can determine the fragile state AMC is in as of right now. Great fundamentals pushed the stock up yesterday regarding a bill being passed regarding government spending. Take: AMC is as of neutral position right now. Bullish side: Great put / call ratio. Government spending bill passed. Double bottom. MAC-D and RSI looks to be bottomed out, but kinda too early to determine a likely scenario. Following the Wyckoff schematic as of current. Green Doji on the daily Bearish side: We could see more market volatility regarding the Chinese FUD. Which in my experience can affect other stocks in the market aswell. Bearish pennant graph Add your bearish preview here:************** Not financial advice, but feel free to message if you guys find any bearish scenarios. Till next time AMC300 LFG
NYSE:AMCLong
by ary2001
10
A lot to say about AMCMy previous analysis provided the means for a strong downward price action acting in as the spring phase, and clearly mentioned that it could probably even touch 26, which holds correct. AMC is currently completing a wyckoff re-acummulation with spring schematic, where this will cause some investors to bail out from their current positions and one where institutions can buy in your same positions for their future profits. Allegedly, supposedly. Now, as per analysis, this is expected, and we can have a strong mark up over the creek. Accumulation is occuring on certain indicators such as; OBV rising, as per this the price should be atleast more than 50$ but i guess not. ACCUMULATION/DISTRIBUTION indicator below 0 MINISCULE VOLUME causing drastic price actions?! And based on other options data, Nigh 0.5 Put/call ratio, which is super bullish and a decreasing max pain to early 30$ levels. Now what all this means is that this is clearly not over. Far from it and these hedgies are clearly fondling our testes to see if itll pop. I personally am holding, and wont sell for anything less than 300$ Expecting this to be the continued trading range for the rest of the week, Mark up on monday perhaps. You may be wondering time to time, why these things run after hours. And this is all very complicated, as it depends on the communications between market makers and other financial institutions. This is all corrupted in my best of opinions, everything goes in accordance to the composite man (Also Allegedly, Supposedly) Not financial advice AMC300 LFG
NYSE:AMCLong
by ary2001
13
AMC BreakdownWe can now see a clear head and shoulders pattern executed on the weekly time frame. The stock has bounced slightly off the 55 weekly moving average currently finding support at around $29 which was the previous swing low from August. The technical target from the head and shoulders pattern would bring the price to around $16. Levels of support : If we fail to hold support at $29 and lose the weekly 55 moving average we have $20 which is a previous swing high as labeled (top of previous pendant wick) and $14.33 ( previous swing high from first pendant.
NYSE:AMCShort
by Cryptarded84
7