[WSB] AMC Breakout! Realistic TargetsIn this idea we are looking at the AMC price, which has been moving in a symmetrical triangle from the recent breakout (June) until now.
We are looking for three confirmation-points on the resistance- & support-line. The chances for a breakout are fairly high.
The breakout was confirmed by touching the previous high at $44. We are still missing some volume to finally confirm the breakout.
The current positive sentiment as well as the upcoming earnings could be strong catalyst for the targets - shown in the chart.
Please manage your risk accordingly.
Ares
AMC
$AMC bringing tendies just in time for thanksgiving!Here is my rough estimate for AMC prices this month based on the previous cycle. last couple weeks line up to a T and I expect the prices to continue following this pattern. Im guessing AMC hits between 140 and 280 on the 23rd as the peak for this cycle.
AMC Price ProjectionThis is what I think AMC will do. If the price returns back down to $36 then I assume we can see a repeat of the last move, with less potential this time around due to the overall price consolidation with recent price action. Realistically I'm looking to make a buy here at $36 and cash out at $44 again. Nobody can ever predict the market, this is just what I logically think will happen based on price action, if there is enough hype behind the stock and enough apes dumping money into it the price can completely reject my idea and just go back to $49 at any time it wants. This is a clown stock, and I do not recommend holding it for more than a week at a time unless you have proper risk management and a proven strategy.
AMC - Junk Co / Jumps the SharkOur initial entry into the Jungle was served a heaping helping of Ape Fecal Matters.
40.50 STO x 2 / Closed on STP @ 41.12
Our 2nd effort, however, did provide Bananas
STO @ 44.00 x 5 / BTC @ 41.59
Our 3rd Effort
STO 41.50 x 5
SPT 41.00 on Bracket
PT 38.00
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The Monkeys (for the 197th Time) - "This Is It, to the Moon"
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Citadel over-throws the Trendline and it's a New Bull Market in the Jungle.
But is it?
No, it is not.
AMC used to trade 5 Billion shares in one Month, for Months on end.
Volumes remain above normal Intra-Day, but alas... it's a declining
Pool of Liquidity for the Chimps, Monkeys, Apes, and Primates.
It no longer trades a Billion Shares per month.
It has become a DOOR to NARROW for Chimp's escape.
And yet somehow, the Primates believe it is now heading to $220.
Two hundred and Twenty Dollars USD.
GME is going to Banana Planet - $1700Looks like we're seeing a shift here with the buying pressure starting to come in, We need momentum to continue if we expect us to finally break out of this Wedge/Triangle though.
I've been grabbing leaps and shares every chance I get, The longer these institutions prolong this the more violent the breakout will be. RSI, MACD & STOCH are in great positions IMO, RSI came down and is starting to break back up above signaling a trend change (As long momentum continues) and then we have a nice tight MACD cross up starting here along with the STOCH showing a shift as well.
Above 190$ we will see 210-220 quick, then from there I expect retail to wake up again hopefully forces Hedgies to start covering they're sold calls......Rinse and Repeat
Good Luck To My Apes, And I Pray For You Shills/Boomers short on this thing.
We've already won, It's just a matter of how long you will wait for your movie like ending.
AMC Bullish? Let’s talk. So guys AMC, we’re in this triangle since June and we finally broke in the pre market… but can it be a bull trap? Tbh I kinda think that we will see cup and handle pattern today or tomorrow (maybe today on lower intervals if at all) so of course I believe the reward worth the risk, if I will see AMC breaks when the market open I will probably take the trade and set a stop loss below the triangle.
Possible $AMC Squeeze This MonthSimple trend analysis of $AMC.
I'm seeing many similarities in Jan-Jun as I am in Jun-Oct.
If we continue to follow the pattern from the previous squeeze just as we have been for the last 5 months, we could see the following:
Nov 4th - 50
Nov 16th - 60
Nov 17th - 73
Nov 18th - 100
Nov 23rd - 246
Will this be enough to trigger The MOASS?
Only time will tell.
AMC MOVES FOR TOMMOROW ( BEAR CASE)For AMC we have formed the bearish rising wedge pattern, if in the chance we break out of it im expecting a retest and impulse wave to ~38$ region, if not broken then back down to the 35s support range.
We are on the top of the rising wedge which is pretty bullish, the price stays up and rises higher post market hours.
In the bear case, top of wedge acts as resistance and price quickly falls back down to 35s range. Do wait for a retest to see the bottom line from the wedge as resistance.
STill Bull in the long run
#AMC200
Like and follow for daily updates
Not financial advice.
LFG
AMC Entertainment Analysis 01.11.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
AMC bullish countIf AMC holds above 31 (28.80 invalidates) and reverses to the upside, we could see a wave 3 of wave 5 which could take us to $87
There has been some put selling for Dec 17, $60 puts according to unusual whales options flow data.
A break below 28.80 would mean its headed to at least 24 if not a little lower.
AMC - Trade IDEA, Buy under $39Looking at the trend, I think we'll see a nice little boost over the next two days followed by some down weeks until that last week of Nov.
I have some AMC calls into Jan that I'm looking to short (probably Tuesday), and rebuy around Nov 23rd.
Either way, these are some key numbers and trends to keep an eye for!