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.
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AMC
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!
AMC WYCKOFF DAY TRADING STRATEGYI will be expecting a distribution schematic to play out in this squeeze. Shorts will have to cover, but i reckon the squeeze will be triggered by shorts covering, whatever remaining short interest thats needed to be squeeze will be done in the AR to ST since the Squeeze potential will be much already played out. This will happen because shorts will try to cover at lower and lower prices in order to minimize loss.
These institutions have also made long positions on the stock to neutralize their positions, thus increasing collateral to their short positions.
Price action to be seen on what too happen,
I will personally be Dollar Cost Averaging at the dependent Fib Ratios , eg expecting pull back to 0.5 ratio, in which i will go 50% of my position in.
and rest 50% at 0.618.
It would be beneficial of this trade if you don't try to maximize profits, since that can lead to psychological indecision and ultimately to catastrophic losses.
Even so, this trade is still a VERY good day trade opportunity even after squeeze.
We have been accumulating, so why not distribute. right? ( Depending on how high the asset goes )
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Not financial advice.
Good luck everybody
GME Launch Mapped!!Money Makers!
GME has been trading above the diagonal support shown nicely for a long time. This stock is looking to move up higher after the accumulation phase is over. I marked out all the key resistance areas with the possible percent gains. If the current support is broken, the next major support is right below $40.
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Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.
Simplicity Wins
HOOD Blast!!Money Makers!
Keep an eye on HOOD. There's a lot of ppl that are naturally watching this stock due to previous complications during the hype of a few other stocks we should all know about I think this stock is getting ready to move higher with a massive sell-off to support yesterday. It has a few areas that it needs to overcome before it's a clear path to previous ATH. If this previous ATL is broken, I'm not sure how low it will go but I would look for a retest of s/r before thinking of shorting. Time will tell. It's all about Market structure, Area of value, and Entry Trigger.
Love it or hate it, hit that thumbs up and share your thoughts!
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.
Simplicity Wins
AMC is very low risk entry now!No one can talk about Short Squeeze and not talk about AMC..!
17.97% short interest, puts AMC on the list of potential squeezes!
Entry: 35.5
Stop loss: 33.73
Reward/Risk: 5
Target range: 44
Time Frame: 6 wks
Possible gain: 26 %
Possible loss: 5.21 %
Position size: 5 % of trading capital
Best,
Moshkelgosha
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AMC (Breakout to $73.00)AMC is trading within a symmetrical triangle/large bull flag pattern (blue triangle/yellow lines.)
The relative strength index is trending down (signaling an impending breakout).
Pink circles indicate touches on the trendlines.
Price target (within reason) is the previous high of $73.00 (green dotted line).
*the bull flag doesn't meet ALL of the requirements (but price is still showing a possible uptrend).*
#AMC Short Max Butterfly + Seapony + Gap Close
In this analysis, I have drawn a Max Butterfly as well as two Seapony variants, which could initially drop the price to approx. 27.29 - 21.44, and additionally close the gap at approx. 27.44 - 25.63.
Subsequently, I expect rising prices from 33.36, 40.94, 44.57, 52.91 to a maximum of 61.04.
If the range between 52.91 and 61.04 is reached, there is still the risk that the Gartley from the following analysis is confirmed or point C Formet and again falls to area D.
AMC (Breakout Deadline)AMC is attempting to breakout of a Symmetrical Triangle, with the relative strength index trending down overall.
Taking a copied Bars Pattern that has similar R.S.I Patterns leading to the downtrend currently.
For example: January 27th, 2021 to June 02, 2021 (the breakout) and adjusting the pattern, several scenarios will provide options.
This pattern is also the one leading to the upward breakout to the symmetrical triangle.
The red-bars are a very unlikely scenario, since it would mean a breakout to the downside (still a possibility though). However, it would mean a breakout to the upside next year (also unlikely to follow exact).
Price is more likely to follow the black-bars, with a small chance of a downside breakout (orange bars).
The deadline (green box) for either breakout would be October 28th, 2021 (Friday). Unlikely to extend out till Mid November, but there's still a possibility of price trading within the green box, so a breakout could occur Monday-November 1st 2021.
The likely scenario is for the relative strength index to bottom out at 30% (allowing a breakout to the upside). Expect the R.S.I to rise up with the
purple parallel lines, similar to previous patterns in the purple parallel lines. Additionally, there is a small gap (almost touch) on the purple lines leading to the breakout on the previous patterns.
Possible selling point Mid November, with a small window to buy back in sometime in December (depending on pricing patterns at that time).
AMC (Buy before the Breakout).AMC is at a low of $35.95 (pre-market).
Placing an order at or near pre-market will assure the lowest price before the breakout.
A breakout of nearly 30% by weeks end is within reason by placing a bars pattern (black bars) copied from: September 13th, to September 20th. The key is FLIPPING the price trend, this would also account for the R.S.I reaching or getting near the 30% marker or crossing the red trendline (resistance). Divergence on the relative strength index would be ideal, staying BELOW the red line.
Possible trading could be predicted by placing a copied bars pattern from September 30th to October 26th (purple bars).
Extended redlines from the symmetrical triangle can be used as support-lines.
*This should be seen STRICLY as a Trading Journal, and not any kind of real Trading Advise.*
related AMC published idea linked below:
AMC Future Move?Look at the similarities, where it retraces and bounces. Also the George Dubyah (aka Double Bottom). Looks like crap but it tends to be following same pattern but longer since HF dont want this to move like it did. Think of it as trying to make the fight longer, but at some point it ends. I feel like the breaking point where they start to cover will be around $90-100 mark because GME battled around this area before it made its move higher up. Think its a psychological point where they will give up and start covering. After that, who knows where we will go.... Actually its the $118-132 mark without the shorts covering. With shorts covering, is a different question that remains unanswered. Therefore, P I C K Y O U R F L O O R , N A M E Y O U R P R I C E